parse_case {ARDL} | R Documentation |
Case parser
Description
It parses the 'case' and checks the integrity of the 'case' input and the compatibility with the formula.
Usage
parse_case(parsed_formula, case)
Arguments
parsed_formula |
A list containing the formula parts as returned from
|
case |
An integer from 1-5 or a character string specifying whether the 'intercept' and/or the 'trend' have to participate in the short-run or the long-run relationship (cointegrating equation) (see section 'Cases' below). |
Details
Note that the statistical significance of 'ect' in a RECM should not be
tested using the corresponding t-statistic (or the p-value) because it
doesn't follow a standard t-distribution. Instead, the
bounds_t_test
should be used.
Value
An integer from 1-5 representing the case.
References
Pesaran, M. H., Shin, Y., & Smith, R. J. (2001). Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics, 16(3), 289-326
Author(s)
Kleanthis Natsiopoulos, klnatsio@gmail.com