wtp space model
Posted: 14 Oct 2024, 09:16
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
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