Parameter

Starting Values

E M ( t o l = 10 5 )

E M ( t o l = 10 6 )

E M ( t o l = 10 8 )

α ^

0.4190067

1.167283

1.167218

1.167188

β ^

−0.1054991

−0.2492112

−0.2491672

−0.2491203

δ ^

0.8324058

1.631138

1.631156

1.631209

μ ^

0.3036691

0.5692185

0.5691717

0.5691122

Loglikelihood

−1222.955

−1222.962

−1222.956

No. iteration

37

41

66

AIC

2453.91

2453.924

2453.912