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stndard errors in forecast with makemodel object
Posted: Tue Apr 12, 2016 2:35 am
by jenni
Hi,
Be great to get an answer on how to obtain standard errors from forecasts. I ask specifically about forecasts that are not in sample but outside the sample range like 2016. I am using a makemodel object for a pool.
Re: stndard errors in forecast with makemodel object
Posted: Tue Apr 12, 2016 4:21 am
by trubador
Re: stndard errors in forecast with makemodel object
Posted: Tue Apr 12, 2016 6:04 am
by jenni
This doesn't really answer my question. I have been through the manual etc Can you elaborate? The standard errors in the stochastic model can be derived how about deterministic model? I can't see an option.
Re: stndard errors in forecast with makemodel object
Posted: Tue Apr 12, 2016 6:11 am
by trubador
Deterministic model cannot have standard errors. You need to run/simulate it as a stochastic model. Or you can use the "Forecast" option in the equation (not the model) object itself.
Re: stndard errors in forecast with makemodel object
Posted: Tue Apr 12, 2016 6:53 am
by jenni
OK great thanks