E-views model Simulator: the statistical meaning of the resulting forecasts
Posted: Mon Jun 14, 2021 12:50 am
Dear E-views forum participants, I have a question about the statistical properties of the Equation Simulator in E-views. When I develop a dynamic out-of-sample forecast and get its graph, what does the Simulator do? What results, Is it a one-off simulation for the forecast, or some mean across the multitude of obtained simulations having regard to different white noises for the error term and the beta coefficients of the equation?
I need to get an ouput in the form of about 100 simulations for the forecast, and have their mean, in order to split the forecast into the trend and cycle, how can I achieve that with the Eviews simulator. True, it has an Alternative scenarios tab, but it probably can only handle just a few alternative forecasts.
Will appreciate any reply,
Regards,
Andrey Artemenkov
I need to get an ouput in the form of about 100 simulations for the forecast, and have their mean, in order to split the forecast into the trend and cycle, how can I achieve that with the Eviews simulator. True, it has an Alternative scenarios tab, but it probably can only handle just a few alternative forecasts.
Will appreciate any reply,
Regards,
Andrey Artemenkov