Hi everyone,
I am estimating a discrete hazard rate model, in particular a complementary log log (cloglog) for unemployment to employment transitions.
Whenever I add 3 or more covariates the estimation gets stuck in `backed up' iterations where the log likelihood doesn't change.
I guess this has to do with the fact that the likelihood function is relatively flat at the points where the algorithm is searching, but in any case, is this a normal feature of estimating such hazard rates (I'm new in this domain)?
Tom
I am estimating a discrete hazard rate model, in particular a complementary log log (cloglog) for unemployment to employment transitions.
Whenever I add 3 or more covariates the estimation gets stuck in `backed up' iterations where the log likelihood doesn't change.
I guess this has to do with the fact that the likelihood function is relatively flat at the points where the algorithm is searching, but in any case, is this a normal feature of estimating such hazard rates (I'm new in this domain)?
Tom
