Dynamic forecast with step

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Afterall
Posts: 16
Joined: Tue May 27, 2014 7:49 am

Dynamic forecast with step

Postby Afterall » Tue May 27, 2014 8:31 am

Hello to all masters of eviews
Anybody know, how exactly do a dynamic forecasting of autoregression equation. For a case a hourly series, I got a equation:
price c price(-1) price(-2) price(-24) price(-48) price(-168)

And I need to forecast the the price from observation 241 to 264 and then comes next day 265 to 288 and thirt day 289 to 312, ... I need to dynamic forecast series sample from 241 to 33264. I think I have to do somethin with "for" case, but I don`t know, how to do that to will be working good.

What I have to write on Forecast sample below.?

EViews Glenn
EViews Developer
Posts: 2682
Joined: Wed Oct 15, 2008 9:17 am

Re: Dynamic forecast with step

Postby EViews Glenn » Tue May 27, 2014 11:56 am

I don't quite understand what you wish to do. Could you elaborate?

Afterall
Posts: 16
Joined: Tue May 27, 2014 7:49 am

Re: Dynamic forecast with step

Postby Afterall » Wed May 28, 2014 2:28 am

Well I have the series of electricity price in europe and I am testing the equation how good is and how big are the deviation in days forecasting. I have to forecast the price from hour 1 to hour 24 and compare the deviation from the real price in that day. And then comes the new day, and I want to use the real price of previous day not the forecasted, and forecast all hour of the day. Third, I want to use the real prices of the second day and all days past, and forecast the third day. And so fore and so fore.
I can do that to forecast the Forecast sample 1 24 and the do a new forecast 25 48, and new 49 72, but I have the series of 33576 hours. And the question is how to do that with some tricks.
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el_eu_price.wf1
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