Re: Forecasting in Dynare
Posted: Sat Apr 11, 2015 4:28 am
Dear Jpfeifer,
Here attached the log file.
Thanks for your help.
Regards,
Here attached the log file.
Thanks for your help.
Regards,
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The mean forecasts only take the parameter
uncertainty into account, but omit the uncertainty about future shocks. Future shocks are
averaged out/set to 0.
In contrast to the mean forecasts,
the points forecast not only take the parameter uncertainty into account, but also take into
consideration the uncertainty about future shocks.