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manual: fix description of conditional likelihood

dprior
Johannes Pfeifer 2024-01-29 22:54:43 +01:00
parent 60e3b6a19f
commit 8e91841a39
1 changed files with 2 additions and 2 deletions
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doc/manual/source/the-model-file.rst
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@ -6497,8 +6497,8 @@ observed variables.
Do not use the kalman filter to evaluate the likelihood, but instead
evaluate the conditional likelihood, based on the first order reduced
form of the model, by assuming that the initial state vector is 0 for all
the endogenous variables. This approach requires that:
form of the model, by assuming that the initial state vector is at its
steady state. This approach requires that:
1. The number of structural innovations be equal to the number of observed variables.