Dear Everyone;
When I try to estimate model, with estimation(datafile=datas,mh_jscale=0.2,mode_compute=4,mh_replic=5000);
command, I get this error:
Log data density [Laplace approximation] is NaN.
Estimation::mcmc: Multiple chains mode.
Warning: File not found or permission denied
In posterior_sampler_initialization at 102
In posterior_sampler at 59
In dynare_estimation_1 at 448
In dynare_estimation at 105
In qeUKdynare_bayesreviz at 470
In dynare at 223
Estimation::mcmc: Old metropolis.log file successfully erased!
Estimation::mcmc: Creation of a new metropolis.log file.
Estimation::mcmc: Searching for initial values…
Estimation::mcmc: I couldn’t get a valid initial value in 100 trials.
Estimation::mcmc: You should reduce mh_init_scale…
Estimation::mcmc: Parameter mh_init_scale is equal to 0.400000.
Estimation::mcmc: Enter a new value…
Changing the mh_init_scale or mode_compute or initial values for estimated parameters, don’t change the result.
I don’t know that why I am getting this error. All responses highly appreciate.
Thank you.