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- Latent variables are data which we do not observe but which,
if we did observe them, would materially
simplify the inference problem!!!!
- Most econometric duration models
involve latent variables.
- Recent (1989+) advances in computer intensive methods of
inference are well suited to latent variable models.
- Significant advances in econometric duration modelling are now
possible.
Tony Lancaster
tl@pstc3.pstc.brown.edu
Last modified: 12 September 1995