Parameters

True Value

Mean

Median

95% Confidence Interval

$\alpha$

0.5

0.9009

0.8758

(−0.5105, 2.6048)

${\varphi }_{\theta }$

0.5

0.7720

0.8221

(0.2786, 0.9884)

${\tau }_{\epsilon }^2$

0.01

2.0475

2.0421

(1.8565, 2.2544)

${\sigma }_{\xi }^2$

0.01

0.0176

0.0150

(0.0063, 0.0437)