From 8e91841a39660f37716ec2b954f5b5a1c294f665 Mon Sep 17 00:00:00 2001
From: Johannes Pfeifer <jpfeifer@gmx.de>
Date: Mon, 29 Jan 2024 22:54:43 +0100
Subject: [PATCH] manual: fix description of conditional likelihood
---
doc/manual/source/the-model-file.rst | 4 ++--
1 file changed, 2 insertions(+), 2 deletions(-)
diff --git a/doc/manual/source/the-model-file.rst b/doc/manual/source/the-model-file.rst
index 2de866f5fb..c9cd8bf917 100644
--- a/doc/manual/source/the-model-file.rst
+++ b/doc/manual/source/the-model-file.rst
@@ -6497,8 +6497,8 @@ observed variables.
Do not use the kalman filter to evaluate the likelihood, but instead
evaluate the conditional likelihood, based on the first order reduced
- form of the model, by assuming that the initial state vector is 0 for all
- the endogenous variables. This approach requires that:
+ form of the model, by assuming that the initial state vector is at its
+ steady state. This approach requires that:
1. The number of structural innovations be equal to the number of observed variables.
--
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