Multiple local optima for seemingly unrelated regression models

被引：0
|
作者：
Womer, Norman K. [1 ]
机构：
[1] Univ Missouri, Coll Business Adm, One Univ Blvd, St Louis, MO 63121 USA
来源：
INTERNATIONAL JOURNAL OF COMPUTATIONAL ECONOMICS AND ECONOMETRICS | 2016年 / 6卷 / 01期
关键词：
point estimation; maximum likelihood; structural equation model; cross equation restrictions; specification test; multiple local optima; seemingly unrelated regression models;
D O I：
10.1504/IJCEE.2016.073343
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper provides an example of multiple local maxima to the likelihood function for a seemingly unrelated regression (SUR) model with a cross equation restriction. Since this is the least complex of the various structural equations models (SEM) and since maximum likelihood is often the preferred technique for SEM the problem of multiple local maxima is expected to be pervasive.
引用
收藏
页码：44 / 55
页数：12
相关论文
共 50 条
  • [21] Seemingly Unrelated Regression Estimation for VAR Models with Explosive Roots
    Chen, Ye
    Li, Jian
    Li, Qiyuan
    OXFORD BULLETIN OF ECONOMICS AND STATISTICS, 2023, 85 (04) : 910 - 937
  • [22] Comparison of Covariance Matrices of Predictors in Seemingly Unrelated Regression Models
    Guler, Nesrin
    Buyukkaya, Melek Eris
    Yigit, Melike
    INDIAN JOURNAL OF PURE & APPLIED MATHEMATICS, 2022, 53 (03): : 801 - 809
  • [23] Efficient estimation of seemingly unrelated additive nonparametric regression models
    Yuan Yuan
    You Jinhong
    Zhou Yong
    JOURNAL OF SYSTEMS SCIENCE & COMPLEXITY, 2013, 26 (04) : 595 - 608
  • [24] The Relatively efficiencies of the Parameter Estimate in Seemingly Unrelated Regression Models
    Liu Haisheng
    Liu Meiling
    2013 FOURTH INTERNATIONAL CONFERENCE ON INTELLIGENT SYSTEMS DESIGN AND ENGINEERING APPLICATIONS, 2013, : 691 - 694
  • [25] Estimating seemingly unrelated regression models with vector autoregressive disturbances
    Foschi, P
    Kontoghiorghes, EJ
    JOURNAL OF ECONOMIC DYNAMICS & CONTROL, 2003, 28 (01): : 27 - 44
  • [26] COMPUTATION OF STANDARD ERRORS IN SEEMINGLY UNRELATED REGRESSION EQUATION MODELS
    SRIVASTAVA, AK
    TRACY, DS
    COMMUNICATIONS IN STATISTICS-THEORY AND METHODS, 1986, 15 (12) : 3583 - 3588
  • [27] Confidence ellipsoids for the primary regression coefficients in two seemingly unrelated regression models
    Riggs, Kent R.
    Young, Phil D.
    Young, Dean M.
    STATISTICAL METHODOLOGY, 2016, 32 : 1 - 13
  • [28] Two-stage estimation for seemingly unrelated nonparametric regression models
    You, Jinhong
    Xie, Shangyu
    Zhou, Yong
    JOURNAL OF SYSTEMS SCIENCE & COMPLEXITY, 2007, 20 (04) : 509 - 520
  • [29] Two-Stage Estimation for Seemingly Unrelated Nonparametric Regression Models
    Jinhong You
    Shangyu Xie
    Yong Zhou
    Journal of Systems Science and Complexity, 2007, 20 : 509 - 520
  • [30] A NOTE ON THE EFFICIENCY OF SEEMINGLY UNRELATED REGRESSION
    BINKLEY, JK
    NELSON, CH
    AMERICAN STATISTICIAN, 1988, 42 (02): : 137 - 139
12345