Markov switching TVTP result

For technical questions regarding estimation of single equations, systems, VARs, Factor analysis and State Space Models in EViews. General econometric questions and advice should go in the Econometric Discussions forum.

Moderators: EViews Gareth, EViews Moderator

senlinmao
Posts: 2
Joined: Sun Mar 15, 2015 4:51 am

Markov switching TVTP result

Postby senlinmao » Sun Mar 11, 2018 7:35 am

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

EViews Glenn
EViews Developer
Posts: 2570
Joined: Wed Oct 15, 2008 9:17 am

Re: Markov switching TVTP result

Postby EViews Glenn » Mon Mar 12, 2018 2:48 pm

They are the parameters for the logistic transform.

See the manual for discussion.

RDS
Posts: 63
Joined: Thu Feb 17, 2011 9:50 am

Re: Markov switching TVTP result

Postby RDS » Tue Mar 13, 2018 9:13 am

can you provide us the link to the manual?

EViews Glenn
EViews Developer
Posts: 2570
Joined: Wed Oct 15, 2008 9:17 am

Re: Markov switching TVTP result

Postby EViews Glenn » Mon Mar 19, 2018 2:43 pm



Return to “Estimation”

Who is online

Users browsing this forum: No registered users and 3 guests