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Keywords: Kalman filter
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Journal Articles
Indian Growth and Development Review (2012) 5 (1): 25–50.
Published: 13 April 2012
.... The median unbiased estimate helps in addressing the pile‐up problem, which arise if variances of the state specification are small. In such cases the maximum likelihood estimates are biased towards zero. Kalman Filter algorithm is used to obtain the time path of the parameters of the reduced form equation...

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