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- W2004790373 abstract "In a recent paper, Petersen (1988) considered a continuous state space failure time process. The central result provided in that paper was that the destination‐specific rate of transition of the process can be specified in two steps. First, one specifies the overall rate at which a change occurs. Then, one specifies the probability density function of the destination state, given that a transition occurred. This two‐step property was used in deriving the likelihood of the data and was exploited for purposes of estimation. The overall rate of transition can be estimated from the data on durations between changes in the dependent variable. The density for the new value of the dependent variable, given a change, can be estimated from the data on the values of the dependent variable after the change. This paper extends these results in two ways. First, it is shown that one can derive the likelihood of the process directly from the destination‐specific rate of transition, without going through its decomposition into the overall rate times the density of the destination state, given a transition. Once the likelihood is derived, estimation is comparatively straightforward. Second, it is shown how one can derive, at each point in time, a more standard regression function for the continuous dependent variable, where its value is expressed in terms of its conditional mean plus an error term." @default.
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- W2004790373 date "1990-01-01" @default.
- W2004790373 modified "2023-09-27" @default.
- W2004790373 title "Analyzing continuous state space failure time processes: Two further results*" @default.
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- W2004790373 doi "https://doi.org/10.1080/0022250x.1990.9990071" @default.
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