Parameter

Starting Values

EM ( t o l = 10 4 )

EM ( t o l = 10 6 )

EM ( t o l = 10 8 )

α ^

0.4190067

1.368124

1.394767

1.395091

β ^

−0.1054991

−0.2778858

−0.297205

−0.2974406

δ ^

0.8324058

1.452515

1.480648

1.480994

μ ^

0.3036691

0.6180421

0.6452299

0.6455598

Log-likelihood

−1224.464

−1223.515

−1223.504

No. iteration

30

77

126

AIC

2456.928

2455.030

2455.008