*@ Mr. Alspach and @ Mr. Winsemius : Thanks for replying.
reqdIRR contains returns in lognormal form.I am trying to estimate parameter
for type-1 Gumbel Distribution and fit it into reqdIRR.
If i use sapply its returning me NA values.
*
I am having the following error in my function
function(theta,reqdIRR)
{
theta1<-theta[1]
theta2<-theta[2]
n<-length(reqdIRR)
constant<- n*(theta1+theta2)
sum1<-lapply(reqdIRR*exp (theta1),FUN = sum)
sum2<-lapply(exp(theta2 - reqdIRR*exp(theta1)),FUN = sum)
sum = sum1 + sum2
log.fcn = constant - as.numeric(sum)
result = - log.fcn
return(result)
}
*error : neg.log.gumbel(1,reqdIRR)
Error in sum1 + sum2 : non-numeric argument to binary operator
>
how can i rectify the error?Its really urgent...
*
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