Journal article icon

Journal article

On the probability of estimating a deterministic component in the local level model

Abstract:
A local level model has a deterministic level when the signal-to-noise ratio q is zero. In this paper we investigate the properties of the maximum likelihood estimator of q, paying particular attention to the case where its true value is zero. These properties are shown to be crucially dependent on the initial conditions employed.
Publication status:
Published
Peer review status:
Peer reviewed

Actions


Access Document


Authors


More by this author
Institution:
London School of Economics
Role:
Author
More by this author
Institution:
University of Oxford
Division:
SSD
Department:
Economics
Research group:
Econometrics
Oxford college:
Nuffield College
Role:
Author
Publisher:
Blackwell Publishing Publisher's website
Journal:
Journal of time series analysis Journal website
Volume:
11
Issue:
4
Pages:
339-347
Publication date:
1990-07-01
DOI:
EISSN:
1467-9892
ISSN:
0143-9782
Language:
English
Keywords:
Subjects:
UUID:
uuid:b64fc3b5-5f50-41c4-aace-9f8837c6822d
Local pid:
ora:2272
Deposit date:
2008-08-12

Terms of use


Views and Downloads






If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP