Glossary of economics research
Results of search for VARs follow:
VARs:
Vector Autoregressions. "Vector autoregressive models are _atheoretical_
models that use only the observed time series properties of the data to
forecast economic variables." Unlike structural models there are no
assumptions/restrictions that theorists of different stripes would object to.
But a VAR approach only test LINEAR relations among the time series.
Source: Hakkio & Morris: Vector Autoregressions, a User's Guide
Contexts: macro; time series; estimation
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