Re: [Gretl-users] Constant in log-likelihood
On Wed, 10 Jul 2013, Alecos Papadopoulos wrote:
In model 1 (without the constant in the log-l), the value of the
maximized log-likelihood is -447.
If one wants to arrive at the actual full value of the log-likelihood
one should add to this nobs*ln(4/sqrt(2/$pi)) = 595*0.46.. = 274, and
obtain -447 + 274 = -173.
ln(4/sqrt(2/$pi)) is not 0.46..., it's 1.612... And multiplication
by 595 gives an add factor of 959. You're calculating using 2*$pi
rather than 2/$pi?
Allin Cottrell