vars (version 1.1-9)

fanchart: Fanchart plot for objects of class varprd

Description

Time Series plots of VAR forecasts with differently shaded confidence regions (fanchart) for each endogenous variable.

Usage

fanchart(x, colors = NULL, cis = NULL)

Arguments

x

An object of class varprd; generated by predict().

colors

Character vector of colors to be used for shading. If unset, a gray color scheme 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).

concept

Fanchart

References

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.

See Also

VAR, predict , plot

Examples

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)