RMSE dynamic forecast
Posted: Sat Jul 21, 2018 6:58 am
Hello,
I have calculated the forecast evaluation statistics of my estimated time series model using the Forecast tab available after estimation.
The options I chose were the 'Dynamic' forecast option following which I got the RMSE, MAPE, Theil's inequality coefficient etc.
I wanted to inquire how many steps ahead the forecast was generated for. Also, are all the measures in-sample forecast measures , thus implying that the forecast period is the same as the sample period?
The manual states "EViews will perform a multi-step forecast of Y, beginning at the start of the forecast sample." , but does not state how many steps ahead.
Please clarify about this.
Thank you.
Aditi
I have calculated the forecast evaluation statistics of my estimated time series model using the Forecast tab available after estimation.
The options I chose were the 'Dynamic' forecast option following which I got the RMSE, MAPE, Theil's inequality coefficient etc.
I wanted to inquire how many steps ahead the forecast was generated for. Also, are all the measures in-sample forecast measures , thus implying that the forecast period is the same as the sample period?
The manual states "EViews will perform a multi-step forecast of Y, beginning at the start of the forecast sample." , but does not state how many steps ahead.
Please clarify about this.
Thank you.
Aditi