Name: Carlos Javier Barrera
Institution: Metropolitan Technological Institute, Medellín,Colombia
Co-authors: Juan Carlos Correa
We propose a technique to build up an informative prior distribution from the expert using hypothetical samples. This proposal is based on the construction of a mental picture of the population of responses a at several specific points of the explanatory variables in the model, and eliciting the mean and the variance at each of these points. An illustration is presented with the end to apply the algorithm proposed and to know about the simplicity of the technique.