bsvars (version 3.1)

summary.Forecasts: Provides posterior summary of Forecasts

Description

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

Usage

# S3 method for Forecasts
summary(object, ...)

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 Forecasts obtained using the forecast() function containing draws the predictive density.

...

additional arguments affecting the summary produced.

Author

Tomasz Woźniak

See Also

forecast

Examples

# upload data
data(us_fiscal_lsuw)

# specify the model and set seed
set.seed(123)
specification  = specify_bsvar$new(us_fiscal_lsuw)

# run the burn-in
burn_in        = estimate(specification, 10)

# estimate the model
posterior      = estimate(burn_in, 20)

# forecast
fore           = forecast(posterior, horizon = 2)
fore_summary   = summary(fore)

# workflow with the pipe |>
############################################################
set.seed(123)
us_fiscal_lsuw |>
  specify_bsvar$new() |>
  estimate(S = 10) |> 
  estimate(S = 20) |> 
  forecast(horizon = 2) |>
  summary() -> fore_summary