I am working on Parameter estimation using Metropolis-Hasting algorithm in Python (I am very new to Python). I have around 8 input parameters to estimate.
I referred to the PyMC documentation, the first step is to define a 'model' and pass it to the MCMC() method. How do I go about creating a 'model' in PyMC assuming a normal distribution for each parameter? Also, the values for the parameters need to be varied only by +\- 50% of their default values, How can I specify this in the model? should this be the standard deviation for that variable?
Any help is appreciated, Thanks!