Table 1.
Mean values of performance measures across 100 simulations for normal observations (σ = 4.5) for each model and trend function type.
| Function | Model | MAD | MCIW | MASV | TMASV |
|---|---|---|---|---|---|
| Constant | Normal | 0.341 | 1.904 | 0.003 | 0.000 |
| Laplace | 0.339 | 1.937 | 0.003 | 0.000 | |
| Horseshoe | 0.356 | 2.406 | 0.006 | 0.000 | |
|
| |||||
| Piecewise Const. | Normal | 2.112 | 10.826 | 1.587 | 0.606 |
| Laplace | 1.816 | 9.899 | 1.441 | 0.606 | |
| Horseshoe | 0.886 | 5.919 | 0.689 | 0.606 | |
|
| |||||
| Smooth | Normal | 1.355 | 7.092 | 1.328 | 1.406 |
| Laplace | 1.352 | 7.106 | 1.329 | 1.406 | |
| Horseshoe | 1.389 | 7.081 | 1.359 | 1.406 | |
|
| |||||
| Varying Smooth | Normal | 1.596 | 6.467 | 0.426 | 0.543 |
| Laplace | 1.552 | 6.413 | 0.432 | 0.543 | |
| Horseshoe | 1.211 | 5.743 | 0.470 | 0.543 | |