Search found 4 matches
- Tue Oct 10, 2017 3:51 am
- Forum: Estimation
- Topic: Generate long-run forecasts
- Replies: 1
- Views: 2618
Generate long-run forecasts
Hi, I have a very basic question. I estimated a DOLS and FMOLS equation and would like to generate a long-run forecast using the coefficients. This is before building an error-correction model. I proceed by using Proc > Forecast however I noticed that the series generated is very different (much lar...
- Wed Sep 20, 2017 10:34 pm
- Forum: Estimation
- Topic: Panel PMG/ARDL
- Replies: 4
- Views: 6492
Re: Panel PMG/ARDL
Does anyone knows if we can obtain an estimate for our dependent using the coefficients from only the Long-Run Equation coefficients? I tried doing this on eviews (i.e. LGDP_Forecast= c(1)*x1 + c(2)*x2 +.. c(n)*xn) but got a very inflated estimate (100 times my observed) and does not co-move at all....
- Tue Sep 19, 2017 9:53 pm
- Forum: Estimation
- Topic: Panel PMG/ARDL
- Replies: 4
- Views: 6492
Re: Panel PMG/ARDL
Thanks for the reply Gareth, really apprecaite it.
How about my first question, should my dependent be interpreted as LGDP or D(LGDP)?
Cheers
How about my first question, should my dependent be interpreted as LGDP or D(LGDP)?
Cheers
- Tue Sep 19, 2017 4:52 pm
- Forum: Estimation
- Topic: Panel PMG/ARDL
- Replies: 4
- Views: 6492
Panel PMG/ARDL
Hi all. I am using Eviews 9 to estimate a PMG/ARDL model using unbalanced panel data, and there are a couple of clarifications I need to make. My estimation output window has both 'Long Run Equation' and 'Short Run Equation'. My inputed dependent is LGDP and a ARDL (2,1,1,1...) model was selected: 1...