[Gretl-users] New version of the PMG package (pooled mean group)

Hi everybody, motivated by some examples shown here earlier by Reynaldo we have updated the PMG contributed function package to version number 1.0. (It does pooled mean group estimation for large-T panel datasets.) The main computational news is that the default initial values used for the estimation algorithm should be better now for most cases. (However, coauthor Jack also found an example where the old initialization is actually better, so as the user you get an --expert-- choice and can try both if needed.) For scripting there's also a slightly simpler interface function which is just called PMG(). See the included pdf help file of the package. As always, you can download and install the new package version directly from within gretl. cheers sven