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Duration models with time-varying data
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Duration models with time-varying data : ウィキペディア英語版
Duration models with time-varying data
Many duration models use regressors that do not vary over time. However, both continuous and discrete-time duration models may exhibit time-varying regressors. For instance, medical trials can use different dosage levels over the trial, or during a single spell, the marital status or unemployment rate can change. Time-varying covariates are generally more easily handled in discrete-time problems, as covariates are rarely continuously observed. There are two key issues that arise when treating the time-varying covariates as fixed. First, a misspecification treat arises if the entire history of the variable matters rather than the specific values it takes on at certain time periods. Second, feedback treats arise when the variables are not strictly exogenous
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