forecast_EXPAR {EXPAR}

Forecasting from EXPAR model

Description

Generates out-of-sample forecasts from any fitted EXPAR model.

Usage

forecast_EXPAR(EXPAR_model, h = 1)

Arguments

EXPAR_model

A fitted EXPAR model.

h

Number of periods for forecasting. Defaults to one-step ahead forecast.

Details

Forecasts from EXPAR model are generated iteratively using mathematical form of EXPAR model, considering fitted values and residuals while putting future error terms as zero.

Value

Vector of forecasted values

Examples

datats <- ts(egg_price_index[,3], start = c(2013, 1), frequency = 12)
best_model = best_EXPAR(datats)
forecast_EXPAR(best_model, h = 5)