markets (version 1.1.5)

market_descriptives: Market force data descriptive statistics

Description

Market force data descriptive statistics

Usage

demand_descriptives(object)
supply_descriptives(object)
# S4 method for market_model
demand_descriptives(object)
# S4 method for market_model
supply_descriptives(object)

Value

A data frame containing descriptive statistics.

Arguments

object

A model object.

Functions

• demand_descriptives(): Demand descriptive statistics.

• supply_descriptives(): Supply descriptive statistics.

Details

Calculates and returns basic descriptive statistics for the model's demand or supply side data. Factor variables are excluded from the calculations. The function calculates and returns:

• nobs Number of observations.

• nmval Number of missing values.

• min Minimum observation.

• max Maximum observation.

• range Observations' range.

• sum Sum of observations.

• median Median observation.

• mean Mean observation.

• mean_se Mean squared error.

• mean_ce Confidence interval bound.

• var Variance.

• sd Standard deviation.

• coef_var Coefficient of variation.

Examples

# initialize the basic model using the houses dataset
model <- new(
  "diseq_basic", # model type
  subject = ID, time = TREND, quantity = HS, price = RM,
  demand = RM + TREND + W + CSHS + L1RM + L2RM + MONTH,
  supply = RM + TREND + W + L1RM + MA6DSF + MA3DHF + MONTH,
  fair_houses(), # data
  correlated_shocks = FALSE # allow shocks to be correlated
)

# get descriptive statistics of demand side variables
demand_descriptives(model)

# get descriptive statistics of supply side variables
supply_descriptives(model)