1----------------------------------------------------
mgarch dcc (lnnhci lncba),arch(1) garch(1)
Calculating starting values....
Optimizing log likelihood
(setting technique to bhhh)
Iteration 0: log likelihood = -69.743524
Iteration 1: log likelihood = -65.659759
Iteration 2: log likelihood = -60.970076
Iteration 3: log likelihood = -56.083538
Iteration 4: log likelihood = -54.045829
Iteration 5: log likelihood = -53.915863
numerical derivatives are approximate
flat or discontinuous region encountered
Iteration 6: log likelihood = -50.21448 (not concave)
could not calculate numerical derivatives -- flat or discontinuous region encountered
could not calculate numerical derivatives -- flat or discontinuous region encountered
2----------------------------------------------------
mgarch dcc (lnnhci lnmp),arch(1) garch(1)
Calculating starting values....
Optimizing log likelihood
(setting technique to bhhh)
Iteration 0: log likelihood = -855.42985
Iteration 1: log likelihood = -843.16432
Iteration 2: log likelihood = -836.58961
Iteration 3: log likelihood = -826.86734
Iteration 4: log likelihood = -824.59888
Iteration 5: log likelihood = -824.59825 (backed up)
Iteration 6: log likelihood = -824.58636 (backed up)
numerical derivatives are approximate
flat or discontinuous region encountered
Iteration 7: log likelihood = -824.58631 (not concave)
could not calculate numerical derivatives -- flat or discontinuous region encountered
could not calculate numerical derivatives -- flat or discontinuous region encountered
r(430);