Hi there,
I estimated a MSTVTP model, but the result for the transition matrix part is very odd. The coefficients are very large, like 4.4, -30.2,-5.4 and 52.5. I understand the model is not really fit with the data but I just want to know how to explain these parameters are >1. If they are the probabilities, should they less than 1?
Thanks
Markov switching TVTP result
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Re: Markov switching TVTP result
They are the parameters for the logistic transform.
See the manual for discussion.
See the manual for discussion.
Re: Markov switching TVTP result
can you provide us the link to the manual?
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- EViews Developer
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