Hi! Bruzzle!
Why in a file usmodel.mod in the measurment equations are present ctrend, but in a file of the data (usmodel_data) is no ctrend?
Sorry for my English. I'm from Russia.
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Re: Bruzzle
by bruzzle » Wed Dec 28, 2011 3:05 pm
Hi Leonid,
The data is detrended to make sure that the linearized model and the data are consistent. Then we are estimating the trend variables.
Hope this answers the question.
B
The data is detrended to make sure that the linearized model and the data are consistent. Then we are estimating the trend variables.
Hope this answers the question.
B
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Re: Bruzzle
by Leonid » Thu Dec 29, 2011 4:06 am
Hi Bruzzle!
Thank you for your reply on my question!
But I have a new question.
But then the variable dc =c-c(-1)+ctrend (for example) in the measurment equation does not correspond to a observed variable (varobs)dc=c-c(-1)?
Sorry for my English. I'm from Russia.
Leonid.
Thank you for your reply on my question!
But I have a new question.
But then the variable dc =c-c(-1)+ctrend (for example) in the measurment equation does not correspond to a observed variable (varobs)dc=c-c(-1)?
Sorry for my English. I'm from Russia.
Leonid.
- Leonid
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- Joined: Wed Dec 28, 2011 4:12 am
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