Mixtures of linear mixed models (MLMMs) are useful for clustering grouped data and can be estimated by likelihood maximization through the Expectation-Maximization algorithm. A suitable number of ...

Discover how dollar duration (DV01) measures bond price sensitivity to interest rate changes, with insights into its formula, applications, and limitations.

However, existing REML or marginal likelihood (ML) based methods for semiparametric generalized linear models (GLMs) use iterative REML or ML estimation of the smoothing parameters of working linear ...