Using Bayesian Inference about Linear Regression to estimate the posterior distribution of regression parameters
A small business owner wants to examine 474 employee records to determine the pairwise linear relationship between the employees' current salary, beginning salary, and months since hire. Instead of comparing with a null model, the small business owner wants to make Bayesian inference about the model parameters.
This information is collected in Employee data.sav. See the topic Sample Files for more information.