Markov switching TVTP result

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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: 2671
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: 86
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: 2671
Joined: Wed Oct 15, 2008 9:17 am

Re: Markov switching TVTP result

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



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