estimated_params_init — specifies initial values for optimization
estimated_params_init;
{
stderr VARIABLE_NAME
|
corr VARIABLE_NAME_1, VARIABLE_NAME_2
|
PARAMETER_NAME
}
, INITIAL_VALUE
;
...
end;
The estimated_params_init;....end; block declares numerical initial values for the optimizer when these ones are different from the prior mean
Each line corresponds to an estimated parameter and follows this syntax:
stderr is a keyword indicating that the standard error of the exogenous variable, VARIABLE_NAME
, or of the observation error associated with endogenous observed variable, VARIABLE_NAME
, is to be estimated
corr is a keyword indicating that the correlation between the exogenous variables, VARIABLE_NAME_1
and VARIABLE_NAME_2
, or the correlation of the observation errors associated with endogenous observed variables, VARIABLE_NAME_1
and VARIABLE_NAME_2
, is to be estimated
PARAMETER_NAME
is the name of a model parameter to be estimated
INITIAL_VALUE
specifies a starting value for maximum likelihood estimation