The composite marginal likelihood (CML) estimation of panel ordered-response models
نویسندگان
چکیده
منابع مشابه
The Composite Marginal Likelihood (CML) Estimation of Panel Ordered-Response Models
In the context of panel ordered-response structures, the current paper compares the performance of the maximum-simulated likelihood (MSL) inference approach and the composite marginal likelihood (CML) inference approach. The panel structures considered include the pure random coefficients (RC) model with no autoregressive error component, as well as the more general case of random coefficients ...
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This paper compares the performance of the maximum-simulated likelihood (MSL) approach with the composite marginal likelihood (CML) approach in multivariate ordered-response situations. The ability of the two approaches to recover model parameters in simulated data sets is examined, as is the efficiency of estimated parameters and computational cost. Overall, the simulation results demonstrate ...
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ژورنال
عنوان ژورنال: Journal of Choice Modelling
سال: 2013
ISSN: 1755-5345
DOI: 10.1016/j.jocm.2013.04.006