univariate arma long run restrictions
Posted: Wed Apr 13, 2011 2:13 am
is there a way to do that?
for example, i use a univariate arima equation of cpi data to forecast inflation and i would the forecasted values (of inflation) to converge to the inflation target within 2 years.
for example, i use a univariate arima equation of cpi data to forecast inflation and i would the forecasted values (of inflation) to converge to the inflation target within 2 years.