“…The design vector
specifies the form of the temporal dependence, and we focus on the case where
is a
‐dimensional vector such that
provides the temporal random effect at time
. We let
, and one may wish to seek structure on the temporal random effects covariance
either by imposing a parametric structure (such as equi‐ or auto‐correlation) or by using prior distributions that pull
toward more structured choices (as was considered in Reference
16). Here, we are typically interested in cases where
is small (
in the IFS example), so there is little practical gain in more complex priors.…”