specify_starting_values_bsvar_mix {bsvars} R Documentation

## R6 Class Representing StartingValuesBSVAR-MIX

### Description

The class StartingValuesBSVAR-MIX presents starting values for the bsvar model with a zero-mean mixture of normals model for structural shocks.

### Super classes

bsvars::StartingValuesBSVAR -> bsvars::StartingValuesBSVAR-MSH -> StartingValuesBSVAR-MIX

### Public fields

A

an NxK matrix of starting values for the parameter A.

B

an NxN matrix of starting values for the parameter B.

hyper

a 5-vector of starting values for the shrinkage hyper-parameters of the hierarchical prior distribution.

sigma2

an NxM matrix of starting values for the MS state-specific variances of the structural shocks. Its elements sum to value M over the rows.

PR_TR

an MxM matrix of starting values for the probability matrix of the Markov process. Its rows must be identical and the elements of each row sum to 1 over the rows.

xi

an MxT matrix of starting values for the Markov process indicator. Its columns are a chosen column of an identity matrix of order M.

pi_0

an M-vector of starting values for mixture components state probabilities. Its elements sum to 1.

### Methods

#### Public methods

Inherited methods

#### Method new()

Create new starting values StartingValuesBSVAR-MIX.

##### Arguments
deep

Whether to make a deep clone.

### Examples

# starting values for a bsvar model for a 3-variable system
sv = specify_starting_values_bsvar_mix\$new(N = 3, p = 1, M = 2, T = 100)



[Package bsvars version 1.0.0 Index]