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Unformatted text preview: take account of the censoring. 4. Write a program for the ﬁrst and second derivatives of the log likelihood. Check the program by comparing analytical and numerical derivatives. 5. Maximize the log likelihood function using the NewtonRaphson algorithm with analytic derivatives. Use zeros as starting values. Also use the MLE for β obtained above and β 1 = 0. 6. Compute the standard errors of the MLE. 7. Use another algorithm, e.g. DFP, to compute the MLE using the same starting values as above. Compare the results....
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This note was uploaded on 07/22/2008 for the course ECON 513 taught by Professor Rashidian during the Fall '07 term at USC.
 Fall '07
 Rashidian
 Econometrics

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