Greetings to all researchers and professors
Initial value of the log posterior (or likelihood): -192299404.6211
Is it possible to explain this value, is it useful to be large or small, and what is its meaning?
Please kindly advise
No, values that large typically indicate a problem like a wrong observation equation.
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hi dear professor,
i have the same issue my codes calculate all the graph but at the end i have this :Initial value of the log posterior (or likelihood): -Inf
Total computing time : 0h00m13s
Note: warning(s) encountered in MATLAB/Octave code
data.mat (2.2 KB)
Newcodes.mod (10.1 KB)
can you please help ?
- Your model features stochastic singularity as you are observing all components of the Taylor rule.
- Your data is still trending. You need to properly define an observation equation and handle the trend.
can you explain a little bit more, please?
- See e.g.
2. See e.g.