[R] How to set the floating point precision beyond e-22?

From: Roy Nitze <rnitze_at_wiwi.uni-bielefeld.de>
Date: Fri 05 Aug 2005 - 22:11:17 EST


>>
>> You will have to find a different solution to the problem. To machine
>> precision, that matrix looks singular. This usually indicates that it's
>> not the right matrix to try to invert.

> It might be a scaling issue though: If you're measuring age in days
> and hormone concentrations in Molar, then you'll get that sort of
> eigenvalue ratios in a fairly benign way.

I'm quite aware of that problem, but we have to deal with certain economic variables which are usually given in a certain dimension. So it is difficult to force all values to a certain order.

The other thing is, that i.e. EViews is able to perform 2SLS in the same regression setup. Don't they have to invert the same matrices? If so, how do they do it and how can we mimic their proceeding in R? Scaling and Rescaling? What about the interpretation of the coefficients computed on a scaled basis and given in the context of re-/unscaled data?

I'm not quite clear about it.

Thanks to all of you.



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https://stat.ethz.ch/mailman/listinfo/r-help PLEASE do read the posting guide! http://www.R-project.org/posting-guide.html Received on Fri Aug 05 22:16:47 2005

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