... Survey (ARMS) data for the years 2003–2014 and Bayesian methods, we model the observed interest rate as an autoregressive function controlling for changes in debt and key rates of return in the general economy. Findings The results indicate that the marginal interest rate is a function of the Aaa...

... and agribusiness using the methodology discussed in this paper. Originality/value Valuing the inclusion of new information through Bayesian inference in the analysis of investments is a methodological feature that has received minimal attention in the literature. Therefore, the use of Bayesian theory...