Bayesian model average method: An application on employment rate

In this study, Bayesian model averaging method, which is used to decrease the model uncertainty and to determine the importance levels of the independent variables in the model, was explained. In addition, with the help of sectoral capacity utilization rate data between January 2007 and August 2018, the Bayesian model average method was used to determine the manufacturing sectors that affect the employment rate. As a result of the analyzes, it is concluded that the sectors that are the most effective on the employment rate are the manufacture of beverages, the manufacture of textiles, the production of other non-metallic mineral products and the furniture manufacturing sectors