estimated_params_init

estimated_params_init — specifies initial values for optimization

Synopsis

estimated_params_init;
{ stderr VARIABLE_NAME | 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

  • PARAMETER_NAME is the name of a model parameter to be estimated

  • INITIAL_VALUE specifies a starting value for maximum likelihood estimation