Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This paper shows that the Expectation-Maximization (EM) algorithm for regime-switching dynamic factor models provides ...

A line of recent work has analyzed the behavior of the Expectation-Maximization (EM) algorithm in the well-specified setting, in which the population likelihood is locally strongly concave around its ...

We present a novel methodology for estimating the parameters of a finite mixture model (FMM) based on partially rank-ordered set (PROS) sampling and use it in a fishery application. A PROS sampling ...