GCCfactor (version 1.0.1)

BS_global_factor: Get bootstrap confidence intervals for the global factors

Description

This function employs a bootstrap procedure to obtain confidence intervals for the global factors at time \(t\).

Usage

BS_global_factor(object, t, BB = 599, alpha = 0.05)

Value

A matrix containing the upper and lower band.

Arguments

object

An S3 object of class 'multi_result' created by multilevel().

t

An integer specifying the time point at which the CI is constructed.

BB

An integer indicating the number of bootstrap repetition. 599 by default.

alpha

The significance level, a single numeric between 0 and 1. 0.05 by default.

Examples

# \donttest{
panel <- UKhouse # load the data
est_multi <- multilevel(panel, ic = "BIC3", standarise = TRUE, r_max = 5,
                           depvar_header = "dlPrice", i_header = "Region",
                           j_header = "LPA_Type", t_header = "Date")
bs_global_mid <- BS_global_factor(est_multi, t = est_multi$T / 2)
# }