BayesFM: Bayesian Inference for Factor Modeling
Collection of procedures to perform Bayesian analysis on a variety
of factor models. Currently, it includes: Bayesian Exploratory Factor
Analysis (befa), an approach to dedicated factor analysis with stochastic
search on the structure of the factor loading matrix. The number of latent
factors, as well as the allocation of the manifest variables to the factors,
are not fixed a priori but determined during MCMC sampling.
More approaches will be included in future releases of this package.
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