Hi, First, thanks for software my experience with it thus far has been positive (Im a relatively new user - 2011).
My question is with regards to forecasting and plotting using a system of 2 equations. Im having difficulty figuring out the FITRESID<http://gretl.sourceforge.net/API/gretl-libgretl.html#FITRESID:CAPS>get_system_forecast commands if you can provide me with some feedback on that I would much appreciate it. I attached my code for your consideration: # model set up as a Inverse Demand & Supply System (#2) smpl 1980 2010 system name="Soybean Model" equation ld_Psoy_real ld_ont_soy_pe ld_gdp_real_per const equation ld_Psoy_real ld_ont_soy_pe(-1) ld_interest(-1) ld_corn_seeded const endog ld_Psoy_real ld_ont_soy_pe end system # estimate it estimate "Soybean Model" method=tsls #fcast 2011 2011 series pr_est = $yhat[,1] get_system_forecast(...) Thanks in advanceHi,
First, thanks for software my experience with it thus far has been positive (Im a relatively new user - 2011).
My question is with regards to forecasting and plotting using a system of 2 equations. Im having difficulty figuring out the FITRESID get_system_forecast commands
if you can provide me with some feedback on that I would much appreciate it. I attached my code for your consideration:
# model set up as a Inverse Demand & Supply System (#2)
smpl 1980 2010
system name="Soybean Model"
equation ld_Psoy_real ld_ont_soy_pe ld_gdp_real_per const
equation ld_Psoy_real ld_ont_soy_pe(-1) ld_interest(-1) ld_corn_seeded const
endog ld_Psoy_real ld_ont_soy_pe
end system
# estimate it
estimate "Soybean Model" method=tsls
#fcast 2011 2011
series pr_est = $yhat[,1]
get_system_forecast(...)
Thanks in advance