summary method for class "bvarlist".
# S3 method for bvarlist
summary(object, ...)an object of class "bvar", usually, a result of a call to
draw_posterior.
further arguments passed to or from other methods.
summary.bvarlist returns a table of class "summary.bvarlist".
The log-likelihood for the calculation of the information criteria is obtained by $$LL = \frac{1}{R} \sum_{i = 1}^{R} \left( \sum_{t = 1}^{T} -\frac{K}{2} \ln 2\pi - \frac{1}{2} \ln |\Sigma_t^{(i)}| -\frac{1}{2} (u_t^{{(i)}\prime} (\Sigma_t^{(i)})^{-1} u_t^{(i)} \right)$$, where \(u_t = y_t - \mu_t\). The Akaike, Bayesian and Hannan<U+2013>Quinn (HQ) information criteria are calculated as $$AIC = 2 (Kp + Ms + N) - 2 LL$$, $$BIC = (Kp + Ms + N) ln(T) - 2 LL$$ and $$HQ = 2 (Kp + Ms + N) ln(ln(T)) - 2 LL$$, respectively.