estimated_params_bounds — specifies lower and upper bounds for the estimated parameters
estimated_params_bounds;
{
stderr VARIABLE_NAME
|
corr VARIABLE_NAME_1, VARIABLE_NAME_2
|
PARAMETER_NAME
}
, LOWER_BOUND
, UPPER_BOUND
;
...
end;
The estimated_params;....end; block lists all parameter to be estimated and specifies bounds and priors when required.
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
LOWER_BOUND
specifies a lower bound for the parameter value in maximum likelihood estimation
UPPER_BOUND
specifies an upper bound for the parameter value in maximum likelihood estimation