Thanks very much for implementing confidence intervals for actual Y
and mean Y. It looks very neat and will come handy in my econometrics
classes.
Cheers
A. Talha Yalta
On Sat, Mar 12, 2011 at 8:06 PM, Allin Cottrell <cottrell(a)wfu.edu> wrote:
Talha asked me a while back about getting the sort of forecast
plot you see in many of the textbooks -- with the confidence
interval for mean Y widening, the further you get from mean X.
This is now implemented in CVS/snapshots, for simple OLS
regressions on cross-sectional data. In the GUI forecast dialog,
select the option of showing the confidence interval for mean Y to
see the systematic variation in the confidence band clearly.
(In many cases this variation is hard to detect if you view
the confidence interval for actual Y, since the residual
variance tends to swamp the effect of parameter uncertainty.)
Allin
_______________________________________________
Gretl-devel mailing list
Gretl-devel(a)lists.wfu.edu
http://lists.wfu.edu/mailman/listinfo/gretl-devel
--
“An expert is a person who has made all the mistakes that can be made
in a very narrow field.” - Niels Bohr (1885-1962)
--