Hi All,
          Could someone gist me  how to apply the cost elasticity of subsitution formula found in attached file.
              Cheers   


From: "Summers, Peter" <psummers@highpoint.edu>
To: Gretl list <gretl-users@lists.wfu.edu>
Sent: Wednesday, December 21, 2011 11:23 PM
Subject: Re: [Gretl-users] Optimization

Clarodina,

I don't know of any add-on in Matlab or any other econometric software that's designed to maximize t-statistics. I also don't know of any reason why you'd want to do that.

Having said that, I suppose you could write this problem down in the same way you'd do a maximum likelihood estimation, or possibly GMM. Gretl does ML and GMM estimation -- see chapters 19  and 20 of the user's guide. Is that what you're wanting to do? If so, that's definitely NOT maximizing the t-statistics in a regression.

At any rate, if you really want to get maximum t's (in absolute value?), you'll have to program that yourself.

PS
________________________________________
From: gretl-users-bounces@lists.wfu.edu [gretl-users-bounces@lists.wfu.edu] on behalf of clarodina@lycos.com [clarodina@lycos.com]
Sent: Wednesday, December 21, 2011 11:39 AM
To: gretl-users@lists.wfu.edu
Subject: [Gretl-users] Optimization

Hi PS,

Want to have the coefficients maximising t value

Matlab have a add on doing the maximisation

How to do the maximising on gretl?

Clarodina
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