Forecasting issue in SVAR with Exogenous variable
Posted: Thu Feb 23, 2023 11:20 am
Hi everyone. I am estimating SVAR with exogenous variable using model. However, the model solution does not forecast the model over the workfile range and gives the following error message:
Sample: 1976Q1 2028Q4
Solve Options:
Dynamic-Deterministic Simulation
Solver: Broyden
Max iterations = 5000, Convergence = 1e-08
Scenario: Baseline
Solve begin 21:19:04
2020Q2 NA generated for LNEXP
Solve terminated - Unable to compute due to missing data in "LNEXP = @COEF(1) * LNEXP(-1) + @COEF(2) * LNEXP(-2) + @COEF(3) ...
Further, I have used lags of exogenous variable on the right side of the equation and the data set does not contain any missing value. I need help over how to solve the model for the forecasted period. Thanks in advance!
Sample: 1976Q1 2028Q4
Solve Options:
Dynamic-Deterministic Simulation
Solver: Broyden
Max iterations = 5000, Convergence = 1e-08
Scenario: Baseline
Solve begin 21:19:04
2020Q2 NA generated for LNEXP
Solve terminated - Unable to compute due to missing data in "LNEXP = @COEF(1) * LNEXP(-1) + @COEF(2) * LNEXP(-2) + @COEF(3) ...
Further, I have used lags of exogenous variable on the right side of the equation and the data set does not contain any missing value. I need help over how to solve the model for the forecasted period. Thanks in advance!