On Sat, 30 Jul 2011, Henrique Andrade wrote:
At first I would like to thank you for your help! But I'm a
bit confused with this:
Em 30 de julho de 2011 Allin escreveu:
> You're not allowed to specify dates with the --out-of-sample
> option; it's a shorthand form that figures the dates for you.
In my humble opinion this is not very intuitive. As we know,
the "--out-of-sample" option gives us static forecasts inside
the sample and dynamic one outside the sample,
No. What you describe is the _default_ behavior of "fcast" for
a dynamic model. Here's the help text:
"Forecasts are generated for a certain range of observations:
if startobs and endobs are given, for that range (if
possible); otherwise if the --out-of-sample option is given,
for observations following the range over which the model was
"The default is to give a static forecast for any portion of
the forecast range that lies within the sample range over
which the model was estimated, and a dynamic forecast (if
relevant) out of sample."
That is, the --out-of-sample option is equivalent to
"fcast t1 t2" where t1 = the first observation following the
estimation range and t2 = the end of the dataset. This will be
a dynamic forecast if possible.