estimated_params_init

estimated_params_init — specifies initial values for optimization

Synopsis

estimated_params_init;
{ stderr VARIABLE_NAME | corr VARIABLE_NAME_1, VARIABLE_NAME_2 | PARAMETER_NAME } , INITIAL_VALUE ;
...
end;

Description

The estimated_params_init;....end; block declares numerical initial values for the optimizer when these ones are different from the prior mean

Estimated parameter initial value specification

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