Table 1.
True Parameter | Estimate from MLE | SE from MLE | Estimated Median of the Posterior Distribution | Estimated SD of the Posterior Distribution | ||
---|---|---|---|---|---|---|
Panel A: Estimate from Series A | ||||||
Latent Group 1 | Intercept | 118 | 117.94 | 0.09 | 117.93 | 0.09 |
Age | 3 | 3.01 | 0.04 | 3.02 | 0.04 | |
Age^2 | 0.1 | 0.10 | 0.00 | 0.10 | 0.00 | |
Latent Group 2 | Intercept | 110 | 110.01 | 0.07 | 110.01 | 0.07 |
Age | 5 | 5.01 | 0.03 | 5.01 | 0.03 | |
Age^2 | −0.5 | −0.50 | 0.00 | −0.50 | 0.00 | |
Latent Group 3 | Intercept | 111 | 110.95 | 0.10 | 110.93 | 0.10 |
Age | −2 | −1.98 | 0.05 | −1.98 | 0.04 | |
Age^2 | 0.1 | 0.10 | 0.00 | 0.10 | 0.00 | |
Sigma | 1.414 | 1.19 | 0.01 | 1.19 | 0.01 | |
Panel B: Estimate from Series B | ||||||
Latent Group 1 | Intercept | 112 | 112.10 | 0.18 | 112.06 | 0.18 |
Age | 2 | 1.90 | 0.08 | 1.91 | 0.08 | |
Age^2 | 0.7 | 0.71 | 0.01 | 0.71 | 0.01 | |
Latent Group 2 | Intercept | 111 | 111.02 | 0.14 | 110.99 | 0.14 |
Age | −3 | −3.03 | 0.07 | −3.02 | 0.06 | |
Age^2 | 0.1 | 0.10 | 0.01 | 0.10 | 0.01 | |
Latent Group 3 | Intercept | 110 | 109.76 | 0.12 | 109.75 | 0.12 |
Age | 6 | 6.13 | 0.06 | 6.14 | 0.06 | |
Age^2 | −0.6 | −0.61 | 0.01 | −0.61 | 0.01 | |
Sigma | 2 | 2.03 | 0.02 | 2.03 | 0.02 |
Note: Maximum likelihood estimates are obtained from the package “traj” in Stata 16.