Mean Forecasts and Point Forecasts in Dynare
Posted: Sun Nov 14, 2010 11:17 amDear all,
The "forecast" command after estimation in Dynare 4.1.3 produces two kinds of forecast outputs: "Mean Forecast" and "Point Forecast" (and their respective distributions).
What is the exact difference between the two?
Very best,
George
The "forecast" command after estimation in Dynare 4.1.3 produces two kinds of forecast outputs: "Mean Forecast" and "Point Forecast" (and their respective distributions).
What is the exact difference between the two?
Very best,
George