plot.Forecasts function

Plots fitted values of dependent variables

Plots of fitted values of dependent variables including their median and percentiles.

## S3 method for class 'Forecasts'
plot(
  x,
  probability = 0.9,
  data_in_plot = 1,
  col = "#ff69b4",
  main,
  xlab,
  mar.multi = c(1, 4.6, 0, 2.1),
  oma.multi = c(6, 0, 5, 0),
  ...
)

Arguments

• x: an object of class Forecasts obtained using the forecast() function containing posterior draws of fitted values of dependent variables.
• probability: a parameter determining the interval to be plotted. The interval stretches from the 0.5 * (1 - probability) to 1 - 0.5 * (1 - probability) percentile of the posterior distribution.
• data_in_plot: a fraction value in the range (0, 1) determining how many of the last observations in the data should be plotted with the forecasts.
• col: a colour of the plot line and the ribbon
• main: an alternative main title for the plot
• xlab: an alternative x-axis label for the plot
• mar.multi: the default mar argument setting in graphics::par. Modify with care!
• oma.multi: the default oma argument setting in graphics::par. Modify with care!
• ...: additional arguments affecting the summary produced.

Examples

data(us_fiscal_lsuw)                                  # upload data
set.seed(123)                                         # set seed
specification  = specify_bsvar$new(us_fiscal_lsuw)    # specify model
burn_in        = estimate(specification, 10)          # run the burn-in
posterior      = estimate(burn_in, 20, thin = 1)      # estimate the model

# compute forecasts
fore            = forecast(posterior, horizon = 4)
plot(fore)                                            # plot forecasts

# workflow with the pipe |>
############################################################
set.seed(123)
us_fiscal_lsuw |>
  specify_bsvar$new() |>
  estimate(S = 10) |> 
  estimate(S = 20, thin = 1) |> 
  forecast(horizon = 4) |>
  plot()

See Also

forecast

Author(s)

Tomasz Woźniak wozniak.tom@pm.me