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Dynamic shrinkage in time‐varying parameter stochastic volatility in mean models

Successful forecasting models strike a balance between parsimony and flexibility. This is often achieved by employing suitable shrinkage priors that penalize model complexity but also reward model fit. In this article, we modify the stochastic volatility in mean (SVM) model by introducing state‐of‐t...

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Bibliografiske detaljer
Udgivet i:J Appl Econ (Chichester Engl)
Main Authors: Huber, Florian, Pfarrhofer, Michael
Format: Artigo
Sprog:Inglês
Udgivet: John Wiley and Sons Inc. 2021
Fag:
Online adgang:https://ncbi.nlm.nih.gov/pmc/articles/PMC8048439/
https://ncbi.nlm.nih.gov/pubmed/33867657
https://ncbi.nlm.nih.govhttp://dx.doi.org/10.1002/jae.2804
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