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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 Newton-Raphson algorithm with ana-lytic 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