Any example to simulate data for EMDC model?
Posted: 04 Dec 2023, 07:01
Hi authors,
Thank you very much for the package and the great forum. It is super helpful.
I am hoping to try the EMDC model that considers complementarity based on Palma and Hess (2022). I am wondering how we can simulate the budget allocation data? For example, I hope to simulate some budget allocation data first, and then I can use the package the estimate the model using the simulated data to recover parameters. I understand how I can do the estimation, but do not know how to do the data simulation.
Thank you.
Best,
TW
Thank you very much for the package and the great forum. It is super helpful.
I am hoping to try the EMDC model that considers complementarity based on Palma and Hess (2022). I am wondering how we can simulate the budget allocation data? For example, I hope to simulate some budget allocation data first, and then I can use the package the estimate the model using the simulated data to recover parameters. I understand how I can do the estimation, but do not know how to do the data simulation.
Thank you.
Best,
TW