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st: from Gauri (posting troubles) re positive log-likelihood
Dear Stata list,
I am running the -frontier- command on a cobb douglas specification
for a production function
using plot level data for a cross section of farmers. Sugarcane
output on each plot is my dependant variable and my indepedents
consistent of inputs such as land, labour, fertiliser, irrigation etc.
I get the following value for the Log likeihood = 97
How can I interpret this?
I understand that a positive log likelihood is not unknown when the
dependant variable is continuous which is true for my case.
However, I am stuck with the interpretation and can't express it in
words.
Looking forward t your advice.
(Ms.) Gauri
[email protected]
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