Question

Explain what is meant by a dynamic forecast.

Answer 1

Answer: Date: ---23/5/2019 The transformation arises because of their approximation procedure. Dynamio forecast uses the charge of the previous forecasted value of the in need of variable to compute the subsequent one. On the other hand static forecast uses the actual value for each subsequent forecast. This is what EViews calls "dynamic forecasting". If it is one-step forecast then together forecasts are the similar. gt that the one step fast static and dynamic forecasts are comparable. The transformation arises because of their approximation procedure. Dynamio forecast uses the value of the preceding forecasted value of the dependent variable to total the next one.