Cholesky Ordering in VARs
Posted: Tue Aug 17, 2010 8:51 am
Hi,
I'm trying to do an impulse response in Eviews 6, and am having some trouble with the Cholesky ordering. I estimate the VAR using an unrestricted model for exp_ko, imp_ko, and abs_ko. I then try to calculate an impulse response and when I set the Cholesky ordering to exp_ko imp_ko abs_ko (or flipped) I get an error saying "error in specification of order. The VAR was set to the default of 2 lags. Does anyone know how to fix this error?
Thanks!
I'm trying to do an impulse response in Eviews 6, and am having some trouble with the Cholesky ordering. I estimate the VAR using an unrestricted model for exp_ko, imp_ko, and abs_ko. I then try to calculate an impulse response and when I set the Cholesky ordering to exp_ko imp_ko abs_ko (or flipped) I get an error saying "error in specification of order. The VAR was set to the default of 2 lags. Does anyone know how to fix this error?
Thanks!