Table 3. MCMC results of the bandwidth estimation under the prior density of IG$(\alpha =1,\mathrm{\text{β}}=0.05)$ with $t_5$ error density.

Prior density: IG$(\alpha =1,\mathrm{\text{β}}=0.05)$
Parameter	Mean	95% Bayesian CIs	SE	Batch-mean SE	SIF
h	0.4656	(0.2136, 0.7026)	0.1217	0.3175	6.80
b	0.5000	(0.3377, 0.7078)	0.0967	0.2300	5.65