Check_comparison__OLS function

check whether mean/median of OLS is close to actual OLS estimates

Check_comparison__OLS(
  theta_tilde,
  theta_OLS,
  B_check,
  RiskFactors,
  N,
  GVARinputs,
  JLLinputs,
  FactorLabels,
  Economies,
  ModelType
)

Arguments

• theta_tilde: feedback matrix after the bias correction procedure
• theta_OLS: feedback matrix obtained by OLS estimation (without bias correction)
• B_check: number of bootstrap samples used in the closeness check
• RiskFactors: time series of the risk factors (F x T)
• N: number of country-specific spanned factors (scalar)
• GVARinputs: inputs used in the estimation of the GVAR-based models (see "GVAR" function). Default is set to NULL
• JLLinputs: inputs used in the estimation of the JLL-based models (see "JLL" function). Default is set to NULL
• FactorLabels: string-list based which contains the labels of all variables present in the model
• Economies: string-vector containing the names of the economies which are part of the economic system
• ModelType: string-vector containing the label of the model to be estimated