Page 1 of 1

Markov switching TVTP result

Posted: Sun Mar 11, 2018 7:35 am
by senlinmao
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

Re: Markov switching TVTP result

Posted: Mon Mar 12, 2018 2:48 pm
by EViews Glenn
They are the parameters for the logistic transform.

See the manual for discussion.

Re: Markov switching TVTP result

Posted: Tue Mar 13, 2018 9:13 am
by RDS
can you provide us the link to the manual?

Re: Markov switching TVTP result

Posted: Mon Mar 19, 2018 2:43 pm
by EViews Glenn