I have reached a bit of an impasse in my work, and think I need some advice.
I am trying to find the optimal set of parameters for my data in a probit model, which (according to literature) can be done through MLE.
So ind this case the log-likelihood function is described as:
And it consists...
My first post! :-) I apologize for how long it will be, but please bear with me.
I am looking for help in a topic related to Markov chain modeling with covariates.
I have a decent knowledge of the underlying theory, but not exactly how to implement some aspects of it in practical...