Dear all,
I have one question about the computation of marginal data density in Dynare. When the likelihood of the DSGE is very big (because if we have logL = 3000, exp(logL) gives Inf in matlab) so that the mdd will tend to zero, how does Dynare compute the mdd taking this fact into account?
Thanks in advance for your reply.
Aqua.
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Big Likelihood and Marginal likelihood computation
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Big Likelihood and Marginal likelihood computation
by Aqua » Fri Jun 20, 2008 4:10 pm
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