Testing if return value is in tolerance

1 Load packages 2 Motivation 3 But in practice, how large is the difference? 4 Check if in tolerance region 4.1 b0 4.2 b1 4.3 R2 4.4 Count 5 Check variability 6 Conclusions 7 Reproducibility 1 Load packages library(tidyverse) # data wrangling library(prada) # function "is_in_tolerance` library(rstanarm) # Bayes regression library(easystats) # R2 etc library(DataExplorer) # data vis library(tictoc) 2 Motivation Bayes models (using MCMC) build on drawing random …