tag:blogger.com,1999:blog-2198942534740642384.post102214906954596120..comments2023-10-24T03:16:41.009-07:00Comments on Econometrics Beat: Dave Giles' Blog: The Neyman-Pearson Lemma: An Economic PerspectiveDave Gileshttp://www.blogger.com/profile/05389606956062019445noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2198942534740642384.post-53915272562016182242015-03-10T02:49:54.700-07:002015-03-10T02:49:54.700-07:00Thank U!Thank U!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2198942534740642384.post-77645543920971823632015-03-09T09:01:26.965-07:002015-03-09T09:01:26.965-07:00You have the maximized value of the log-likelihood...You have the maximized value of the log-likelihood already, from each of the restricted (variables excluded) and unrestricted (full) models. Just use a calculator to compute LRT = -2Ln(ratio) .Dave Gileshttps://www.blogger.com/profile/05389606956062019445noreply@blogger.comtag:blogger.com,1999:blog-2198942534740642384.post-60793156146569193082015-03-09T06:10:06.647-07:002015-03-09T06:10:06.647-07:00Dear Professor,
I am trying to calculate Likelihoo...Dear Professor,<br />I am trying to calculate Likelihood ratio test in a VAR system. I made a macroeconomic model to calculate if oil prices affect macroeconomic variables and Wald test suggests they do not (Ho=oil price coefficients equal to zero). I would like to check it but not sure how. I estimated two models (VAR systems); one including and the other one excluding the oil price variable, but this is as far as Eviews will get me. Basically I am testing if oil price variable should be included in the model or not. Do you have any suggestions on how I could do this? Thank you very much!Anonymousnoreply@blogger.com