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Hey, thank you for informative comments. I would gladly read more about hierarchical Bayesian regression. Would you recommend any sources from which I could learn more?

(I am fully aware that I can google it but in my opinion it's usually better to ask someone who is already familiar with the topic because he/she may know good learning materials.)



- < http://www.stat.columbia.edu/~gelman/book/ >

- < http://www.stat.columbia.edu/~gelman/arm/ >

If you happen to use Python, pymc3 is a great place to look for hierarchical and Bayesian timeseries models with full examples.


Thank you. One of my personal goals with regard to this analysis was to learn Python on-the-go (I feel more comfortable in R) so I will definitely check pymc3.




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