Threshold autoregressive model or Markov Switching model
Posted: Sun Oct 29, 2017 12:48 am
Please guide me this,
what is main difference between threshold auto regressive model and Markov switching model?
what kind of model is best fit to estimate real effective exchange rate?
and why?
what is main difference between threshold auto regressive model and Markov switching model?
what kind of model is best fit to estimate real effective exchange rate?
and why?