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In this paper we analyze the effect of four possible alternatives regarding the prior distributions in a linear model with autoregressive errors to predict piped water consumption: Normal-Gamma, Normal-Scaled Beta two, Studentized-Gamma and Student's t-Scaled Beta two. We show the effects of...
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largest contributor of inefficiency and the ignorance of intertemporal effects leads to an over-estimation of allocative … inefficiency. …
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