Thanks! This is exactly what I need to know.
Harold
Search found 2 matches
- Fri Dec 28, 2018 10:15 am
- Forum: Estimation
- Topic: Transition Matrix Parameters
- Replies: 2
- Views: 3364
- Thu Dec 27, 2018 8:16 am
- Forum: Estimation
- Topic: Transition Matrix Parameters
- Replies: 2
- Views: 3364
Transition Matrix Parameters
I am doing a Markov switching analysis and am trying to interpret the transition matrix parameters. Here is output: P11-UNEMPAPR16 0.451288 0.147638 3.056732 0.0022 P21-UNEMPAPR16 -0.265242 0.102171 -2.596068 0.0094 Does P21 mean probability of moving from regime 2 at time t-1 to regime 1 at time t ...