Table 2: Monte Carlo Summary statistics of the parameter estimates.
| parameter | True Value | Estimated Value | MCSD | MSE | 95% CCR | BP | MCE |
| 4 | 4.001 | 0.019 | 3.52 × 10-4 | 98% | -0.02% | 4.2 × 10-3 | |
| α2a | 0.02 | 0.02 | 0.004 | 2.57 × 10-4 | 99% | 0.00% | 1.9 × 10-3 |
| b | -3.5 | -3.498 | 0.033 | 7.78 × 10-4 | 95% | -0.06% | 6.4 × 10-3 |
| β | 1 | 0.998 | 0.038 | 1.71 × 10-3 | 96% | -0.19% | 5.8 × 10-3 |
| σ2ε | 0.05 | 0.051 | 0.009 | 6.79 × 10-5 | 94% | 0.14% | 2.9 × 10-3 |
| σ2u | 2.5 | 2.48 | 0.083 | 6.21 × 10-3 | 93% | -0.45% | 7.3 × 10-3 |