[R-SIG-Finance] Gumbel model & Maximum Likelihood

[Brian G. Peterson]

Pika Novak wrote:
> The parameter α involved in the Gumbel model must be estimated via Maximum
> Likelihood,
> starting from the following initial value:
> ˆτ/(1 − ˆτ)= 0, 104;
> Can anybody help?

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Regards,

   - Brian