Maximum likelihood estimation of latent Markov models using closed-form approximations
Yacine Aı̈t-Sahalia, Chenxu Li, Chen Xu Li
Topics & Concepts
MathematicsApplied mathematicsEstimatorLatent variableLikelihood functionMarkov chain Monte CarloMathematical optimizationMonte Carlo methodAlgorithmEstimation theoryStatisticsMarkov Chains and Monte Carlo MethodsStatistical Methods and InferenceFinancial Risk and Volatility Modeling