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Although conceptually pleasing, normal-gamma frontier models lead to difficult estimation problems. It is shown here that unless the sample size reaches several thousands of observations the shape parameter of the gamma density is hard to estimate, and that this carries over to estimates of the...
Persistent link: https://www.econbiz.de/10011155017
The likelihood for copula modeling appears when both the data and the copula representations are seen as being driven … by common uniform latent variables. This perspective facilitates Bayesian inference for prediction and copula selection. …
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This article shows how to construct a likelihood for a general class of censoring problems. This likelihood is proven … normally distributed under regularity conditions. The method generalizes ordinary maximum likelihood estimation as well as …
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The generalised likelihood uncertainty estimation (GLUE) approach was applied to assess the performance of a … average terms 5 m<Superscript>3</Superscript> s<Superscript> − 1</Superscript> before the Bayesian updating of the prediction ….3 and 1.5 m before and after the Bayesian updating of the prediction limits, respectively. Consequently, the results suggest …
Persistent link: https://www.econbiz.de/10010998206
Our research tested two predictions regarding how likelihood can have motivational effects as a function of how a … language of high likelihood (“80% A”) rather than low likelihood (“20% B”), i.e., high rather than low expressed likelihood … activity. We also predicted that strengthening engagement from the high (versus low) expressed likelihood of a future event …
Persistent link: https://www.econbiz.de/10011051356
First difference maximum likelihood (FDML) seems an attractive estimation methodology in dynamic panel data modeling … finite sample performance and asymptotics. FDML uses the Gaussian likelihood function for first differenced data and … parameter estimation is based on the whole domain over which the log-likelihood is defined. However, extending the domain of the …
Persistent link: https://www.econbiz.de/10011052217
averages and are smooth functions of a parameter θ. This includes log likelihood, quasi-log likelihood, and least squares …
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