BHHH - What does BHHH stand for? The Free Dictionary
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9) Advantages of the BHHH
algorithm include the following: (1) it does not require computations beyond those needed to solve the likelihood equation, (2) if the function examined is not the true likelihood function it still typically ends up at the correct maximum, and (3) it is always "nonnegative definite" and highly likely to produce convergence.
La maximizacion se realiza utilizando metodos de optimizacion numericos como BHHH
This is a trivariate DCC--GARCH(1,1) model with country-specific effects, and it is estimated by quasi-maximum likelihood estimation (QMLE) using the BHHH
M (aximum) L (ikelihood) estimates of the GARCH-in-Mean model can be obtained by maximising the likelihood function using the BHHH
algorithm of Bernt, Hall, Hall and Hausman (1974) with numerical first derivatives is used in the optimization.
I obtained estimates using the negative binomial routine in Greene's (1990) statistical software LIMDEP set to the BHHH
Standard efforts will be obtained with a final zero-step BHHH