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How to forecast after estimation is done?
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Posted:
Tue Dec 04, 2012 7:46 am
by use
Dear All,
I have estimated the model using Bayesian estimation technique. Now I want to load the estimated mean and perform estimation at posterior mean. what command should I write?
Thank you in advance.
Sincerely,
Re: How to forecast after estimation is done?
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Posted:
Mon Dec 17, 2012 2:28 pm
by jonathanb
Good question in order to save time...
I do not know the answer but I am waiting it :-p
ps: Maybe you mean:"Now I want to load the estimated mean and perform forcasts at posterior mean. What command should I write?"
Re: How to forecast after estimation is done?
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Posted:
Sat Dec 29, 2012 10:28 am
by jpfeifer
In that case, put forecast or a similar command into the estimation command. Note also that dynare sets the parameters to the posterior mode after estimation. Hence, stoch_simul after estimation is performed at the mode of the posterior distribution.