logLike_MSARXmdl function

Markov-switching ARX log-likelihood objective function

This function computes the log-likelihood for a markov-switching ARX model.

logLike_MSARXmdl(theta, mdl, k)

Arguments

• theta: Vector of model parameters.
• mdl: List with model attributes.
• k: Integer determining the number of regimes.

Returns

Log-likelihood value.