Plots forecast error variance decompositions

Plots of the posterior means of the forecast error variance decompositions.

Usage

# S3 method for class 'PosteriorFEVDPANEL'
plot(
  x,
  which_c,
  cols,
  main,
  xlab,
  mar.multi = c(1, 4.6, 0, 4.6),
  oma.multi = c(6, 0, 5, 0),
  ...
)

Arguments

x

an object of class PosteriorFEVDPANEL obtained using the compute_variance_decompositions() function containing posterior draws of forecast error variance decompositions.

which_c

a positive integer or a character string specifying the country for which the forecast should be plotted.

cols

an N-vector with colours of the plot

main

an alternative main title for the plot

xlab

an alternative x-axis label for the plot

mar.multi

the default mar argument setting in graphics::par. Modify with care!

oma.multi

the default oma argument setting in graphics::par. Modify with care!

...

additional arguments affecting the summary produced.

See also

compute_variance_decompositions.PosteriorBVARPANEL

Author

Tomasz Woźniak wozniak.tom@pm.me

set.seed(123) specification = specify_bvarPANEL$new(ilo_dynamic_panel)

# run the burn-in burn_in = estimate(specification, 10)

# estimate the model posterior = estimate(burn_in, 20)

# compute forecast error variance decomposition 4 years ahead fevd = compute_variance_decompositions(posterior, horizon = 4) plot(fevd, which_c = "POL")

# workflow with the pipe |> ############################################################ ilo_dynamic_panel |> specify_bvarPANEL$new() |> estimate(S = 10) |> estimate(S = 20) |> compute_variance_decompositions(horizon = 4) |> plot(which_c = "POL")