Dear Statalisters,
I am using the mdraws command and the following code to solve some integrals
using monte carlo integration:
mdraws, dr(10) neq(1) prefix(h)
forvalues v=1/10 {
replace h1_`v'=(0.5)^0.5*h1_`v'
}
forvalues v=1/10 {
gen M`v'=2*(neworgmb-1)*(xb+h1_`v')
}
forvalues v=1/10 {
gen L`v'=norm(M`v')
}
forvalues v=1/10 {
replace L`v'=ln(norm(M`v'))
}
Here I end up with L1+...+ L10 and I want to compute the average
(L1+...+L10)/10. In reality I have 1000 draws so it would be quite tedious
if I had to write the whole expression down etc. I have panel data that are
sorted by personal identification number and time. Any ideas how to proceed?
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