Hi,
In the attached workfile, when I try to estimate the system "EZ" by GMM I receive the error message "No valid observations in equation". Could somebody please explain what exactly this means and how I can resolve it? Any assistance is well appreciated!
Search found 6 matches
- Wed Aug 31, 2011 1:55 pm
- Forum: Estimation
- Topic: "No valid observations in equation"
- Replies: 1
- Views: 2039
- Sun Aug 28, 2011 9:39 am
- Forum: Estimation
- Topic: GMM error: "log of a non positive number"
- Replies: 4
- Views: 4131
- Sun Aug 28, 2011 8:52 am
- Forum: Estimation
- Topic: GMM error: "log of a non positive number"
- Replies: 4
- Views: 4131
GMM error: "log of a non positive number"
Hi, I am trying to estimate Euler equations by GMM and I receive the error message "log of a non positive number". Does anybody know how to resolve this? I've attached the workfile. Any help is seriously appreciated!
- Thu Aug 18, 2011 6:30 am
- Forum: Estimation
- Topic: HOW TO ESTIMATE A MULTIVARIATE GARCH-M MODEL?
- Replies: 58
- Views: 108632
Re: HOW TO ESTIMATE A MULTIVARIATE GARCH-M MODEL?
Thank you. When I make these changes and run the program I get an error message: 'missing values in @logl series'. Any tips?
- Wed Aug 17, 2011 8:08 am
- Forum: Estimation
- Topic: HOW TO ESTIMATE A MULTIVARIATE GARCH-M MODEL?
- Replies: 58
- Views: 108632
Re: HOW TO ESTIMATE A MULTIVARIATE GARCH-M MODEL?
Thanks for the response. Could you please explain how to modify the program to include the lagged terms?
- Tue Aug 16, 2011 4:32 am
- Forum: Estimation
- Topic: HOW TO ESTIMATE A MULTIVARIATE GARCH-M MODEL?
- Replies: 58
- Views: 108632
Re: HOW TO ESTIMATE A MULTIVARIATE GARCH-M MODEL?
Yes, there is actually. I strongly agree with you that such recursive estimations lead to false or inconsistent results and joint estimation methods should be preferred where possible. You can build a multivariate garch in mean framework in EViews and estimate it easily with LogL object. Besides, y...