39;}\)</span> to the minimum
of the preceding ones so that the estimated sequence is monotone.</p>
</div>
<div id="estimation-of-mcmc-standard-error" class="section level3">
<h3><span class="header-section-number">16.4.3</span> Estimation of MCMC standard error</h3>
<p>The posterior standard deviation of a parameter <span class="math inline">\(\theta_n\)</span> conditioned
on observed data <span class="math inline">\(y\)</span> is just the standard deviation of the posterior
density <span class="math inline