“…Their findings illustrated the superior performance of MCMC in forecasting seasonal and intermittent demand with overall lower accuracy metrics. Besides the above-mentioned studies, Bayesian MCMC approach has also become more prevalent in dynamic model estimation (Liesenfeld and Richard, 2004;Li et al, 2017;Billio et al, 2018;Brix et al, 2018;Akbar et al, 2019;Kostrzewski and Kostrzewska, 2019;Yang, 2019;Zhong et al, 2019a;Zhong et al, 2019b;Leng and Li, 2020;Maldonado et al, 2020;Kienzle et al, 2021;, wind forecasting (Pang et al, 2001;Erto et al, 2010;Li and Shi, 2010;Karatepe and Corscadden, 2013;Moghaddass and Sheng, 2019;García et al, 2020;Lepore et al, 2020;Kikumoto et al, 2021;Mbuvha et al, 2021), water quality modelling (Samanta et al, 2007;Liu et al, 2008;Cheng et al, 2014;Hantush and Chaudhary, 2014;Lu et al, 2014;Wellen et al, 2014;Camacho et al, 2015;Zheng and Han, 2015;Chaudhary and Hantush, 2017), and uncertainty analysis (Keats et al, 2007;Lehuger et al, 2009;Wang and Chen, 2013;Wang and Jin, 2013;Liang et al, 2016;Berger et al, 2016;Folgoc et al, 20...…”