update_msel function

Update msel object with the new estimates

This function updates parameters of the model estimated via msel function.

update_msel(object, par)

Arguments

• object: an object of class 'msel'.
• par: a vector of parameters which substitutes object$par and used to update the estimates i.e., object$coef, object$cuts and others.

Returns

This function returns an object object of class 'msel'

in which object$par is substituted with par. Also, par

is used to update the estimates i.e., object$coef, object$cuts

and others.

Details

It may be useful to apply this function to the bootstrap estimates of bootstrap_msel.