Hi!
Anyone here familiar with Bayesian inference?
I would like to inform priors for an analysis. I have Odds Ratios and 95% CIs. How would I calculate the variance from the CIs. I know how to calculate SEs, but I don't think that is the custom for priors (its usually mean and variance).
Example: I have to average two ORs (1.01 + 0.96)/2 = .99. The largest upper limit of the CIs =1.06 and the smallest lower limit of the CIs = .91. The SE = (1.06-0.91)/3.92 = 0.04. But, again, I don't think using SEs is the standard for priors. Can anyone use this information to calculate the variance?
If you can, you will be my best friend forever.
Anyone here familiar with Bayesian inference?
I would like to inform priors for an analysis. I have Odds Ratios and 95% CIs. How would I calculate the variance from the CIs. I know how to calculate SEs, but I don't think that is the custom for priors (its usually mean and variance).
Example: I have to average two ORs (1.01 + 0.96)/2 = .99. The largest upper limit of the CIs =1.06 and the smallest lower limit of the CIs = .91. The SE = (1.06-0.91)/3.92 = 0.04. But, again, I don't think using SEs is the standard for priors. Can anyone use this information to calculate the variance?
If you can, you will be my best friend forever.