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Interpreting estimation output graphics

PostPosted: Mon Mar 24, 2014 5:48 pm
by lah89
What exactly can I refer from an output like in the attached picture? What can be the sources of this error? Is it a problem with the interval boundaries of the prior ?

prior:
Code: Select all
gamma, normal_pdf, 1, 0.5;

initial value:
Code: Select all
gamma, 1;


thank you!

Re: Interpreting estimation output graphics

PostPosted: Mon Mar 31, 2014 8:52 am
by lah89
still not clear

Re: Interpreting estimation output graphics

PostPosted: Mon Mar 31, 2014 12:05 pm
by jpfeifer
Without the mod-file it is hard to tell. The red points denote all cases where no unique stable solution could be obtained. Reasons can be that the Blanchard-Kahn conditions or the rank condition are violated or the steady state could not be computed.