Parameter

Starting Values

EM ( t o l = 10 4 )

EM ( t o l = 10 5 )

EM ( t o l = 10 8 )

α ^

0.6556607

2.172327

2.32012

2.727979

β ^

−0.1257455

−0.2766788

−0.3220001

−0.4674433

δ ^

0.8310044

2.026605

2.190487

2.627292

μ ^

0.1690855

0.3394356

0.3866598

0.5386185

Log-likelihood

−1061.985

−1061.673

−1063.643

No. iteration

31

43

510

AIC

2131.970

2131.346

2135.286