Abstract
We are often interested in modeling the time that elapses between one event and another – for instance, between one birth and the next, between a medical treatment and recovery, or between losing a job and finding the next one. Duration models are concerned with describing and explaining these spells.
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Notes
- 1.
- 2.
See http://en.wikipedia.org/wiki/Maximum_likelihood for more formal definitions and examples.
- 3.
See http://en.wikipedia.org/wiki/Expectation-maximization_algorithm for a fuller discussion.
- 4.
See, for instance, http://en.wikipedia.org/wiki/Newton’s_method or any calculus textbook.
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Haughton, D., Haughton, J. (2011). Duration Models. In: Living Standards Analytics. Statistics for Social and Behavioral Sciences. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-0385-2_14
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