summary.Forecasts function

Provides posterior summary of Forecasts

Provides posterior summary of the forecasts including their mean, standard deviations, as well as 5 and 95 percentiles.

## S3 method for class 'Forecasts'
summary(object, ...)

Arguments

• object: an object of class Forecasts obtained using the forecast() function containing draws the predictive density.
• ...: additional arguments affecting the summary produced.

Returns

A list reporting the posterior mean, standard deviations, as well as 5 and 95 percentiles of the forecasts for each of the variables and forecast horizons.

Examples

# upload data
data(us_fiscal_lsuw)

# specify the model and set seed
set.seed(123)
specification  = specify_bsvar$new(us_fiscal_lsuw)

# run the burn-in
burn_in        = estimate(specification, 10)

# estimate the model
posterior      = estimate(burn_in, 20)

# forecast
fore           = forecast(posterior, horizon = 2)
fore_summary   = summary(fore)

# workflow with the pipe |>
############################################################
set.seed(123)
us_fiscal_lsuw |>
  specify_bsvar$new() |>
  estimate(S = 10) |> 
  estimate(S = 20) |> 
  forecast(horizon = 2) |>
  summary() -> fore_summary

See Also

forecast

Author(s)

Tomasz Woźniak wozniak.tom@pm.me