fanchart {vars} | R Documentation |
Time Series plots of VAR forecasts with differently shaded confidence regions (fanchart) for each endogenous variable.
fanchart(x, colors = NULL, cis = NULL)
x |
An object of class ‘varprd ’; generated by
predict() . |
colors |
Character vector of colors to be used for shading. If
unset, a color scheme according to heat.map is used. |
cis |
A numeric vector of confidence intervals. If unset the sequence from 0.1 to 0.9 is used (step size 0.1). |
... |
Currently not used. |
Bernhard Pfaff
Britton, E., P.G. Fisher and J.D. Whitley (1998), Inflation Report projections: understanding the fan chart, Bank of England Quarterly Bulletin, February, Bank of England, pages 30-37.
## Not run: data(Canada) var.2c <- VAR(Canada, p = 2, type = "const") var.2c.prd <- predict(var.2c, n.ahead = 8, ci = 0.95) fanchart(var.2c.prd) ## End(Not run)