Vector Autoregression or VAR can be estimated using several packages. We will use the "vars" and "tsDyn" packages to illustrate the application of VAR in R. In addition, we will…
There are several packages available for estimating the ARIMA and SARIMA in Rstudio. Autoregressive Integrated Moving Average (ARIMA) and Seasonal Autoregressive Integrated Moving Average (SARIMA) models are often used for…
After estimating Ordinary Least Squares or OLS in Rstudio, we must ensure that the model is a good fit. The model must satisfy the assumptions of OLS including heteroscedasticity, no…
