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Figure 1. Illustration of LTM concept: the dynamic regression co-
Figure 3 from the simulated data example illustrates this.For two of the regressors, the latent coefficient processes ex-ceed thresholds for reasonable periods of time, and the poste-rior shows strong evidence for low threshold values
Figure 2. Simulation example: trajectories of dynamic regression parameters. True values (top), posterior means, 95% credible intervals
Table 1. Simulation example: posterior estimates for selected
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