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- Wed Mar 15, 2017 4:58 am
- Forum: Estimation
- Topic: Markov Switching estimation
- Replies: 9
- Views: 13423
Markov Switching estimation
Good morning. I have a question regarding to the especification model using Markov Switching: 1) What's the meaning of the probability regressor "c"? It is the same that the constant term traditionally named as "C"? 2) If I change the order of the regressors, I obtain different r...