Hello!
Please forgive me if the following questions are a little bit "stupid",
but as I mentioned, I'm a newbie...
My aim is to build up a little macro-model like the "klein.inp", using
ols estimations, and to do forecasts with it. Some questions arise
hereby:
1. In the command reference, page 51 (A4-Version) about using
systems it is mentioned that identities are needed if FIML estimation is
used. But also with ols or other estimations the system has to know how
to create the forecast values of derived variables which are not
estimated inside the system. Did I miss anything in the reference? And I
guess that also with ols-estimation I have to declare the endogenous
variables?
2. Which command is necessary if I want the system to do forecasts
for the system as a whole? In the graphic interface there is the
possibility to select only one estimated variable, but as you know the
clue of using systems is all variables are estimated simultaneous in
mutual dependency...
Thank you for your help,
regards, Jan Limbers
Prognos AG - Basel-Stadt HRA CH-270.3.003.262-6
Geschaftsfuhrer: Christian Bollhoff
Prasident des Verwaltungsrates: Gunter Blickle