This example and notation are taken from Bard (1974). A two-equation model is used to fit U.S. production data for the years 1909-1949, where z 1 is capital input, z 2 is labor input, z 3 is real ...
For a statistical model with data, likelihood for the scalar or vector full parameter $\theta$, of dimension p say, is typically well defined and easily computed. In this paper, we investigate ...
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