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wtp space model

Posted: 14 Oct 2024, 09:16
by maa033
Hi

We are estimating a model in wtp-space. The estimated parameters are sensitive to starting values, and we need to run robustness checks varying the starting values. Is there a command in apollo that automatically repeats the estimation of a model updating the starting values of the parameters?

We are aware of the apollo_searchStart command, but not sure that this solve our problem. What we need is, after having searched for and found the best starting values, a command that can verify that these starting values are producing a global optimum by testing for small deviations. And if we are not able to verify a global optimum, we need at least to check that we have a stable local optimum.

thank you in advance for your reply.

Best regards,
Margrethe

Re: wtp space model

Posted: 18 Oct 2024, 13:10
by stephanehess
Margrethe

you can never know whether you found the global optimum as you cannot test all possible solutions.

What you could do re the below is write a loop with lots of starting values and carry out the full estimation from each of these

Stephane