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Managerial reasoning about aspirations and expectations

✍ Scribed by Theresa Lant; Zur Shapira

Book ID
116635363
Publisher
Elsevier Science
Year
2008
Tongue
English
Weight
176 KB
Volume
66
Category
Article
ISSN
0167-2681

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## Abstract A simplified version of the expectation maximization (EM) algorithm is applied to search for optimal state sequences in state‐dependent AR models whereby no prior knowledge about the state equation is necessary. These sequences can be used to draw conclusions about functional dependenci