bpvars (version 1.0)

summary.ForecastsPANEL: Provides posterior summary of country-specific Forecasts

Description

Provides posterior summary of the forecasts including their mean, standard deviations, as well as 5 and 95 percentiles.

Usage

# S3 method for ForecastsPANEL
summary(object, which_c, ...)

Value

A list reporting the posterior mean, standard deviations, as well as 5 and 95 percentiles of the forecasts for each of the variables and forecast horizons.

Arguments

object

an object of class ForecastsPANEL obtained using the forecast() function containing draws the predictive density.

which_c

a positive integer or a character string specifying the country for which the forecast should be plotted.

...

additional arguments affecting the summary produced.

Author

Tomasz Woźniak

See Also

forecast.PosteriorBVARPANEL, plot

Examples

# specify the model
specification = specify_bvarPANEL$new(
      ilo_dynamic_panel[1:5], 
      exogenous = ilo_exogenous_variables[1:5])
burn_in       = estimate(specification, 5)             # run the burn-in
posterior     = estimate(burn_in, 5)                   # estimate the model

# forecast 6 years ahead
predictive    = forecast(
      posterior, 
      5, 
      exogenous_forecast = ilo_exogenous_forecasts[1:5])
summary(predictive, which_c = "ARG")