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베이지안 벡터 자기회귀 (BVAR)×구조 시계열 모형 (기본 구조 모형)×
분야계량경제학계량경제학
계열Regression modelRegression model
기원 연도19861990
창시자Litterman (1986); Bańbura, Giannone & Reichlin (2010)Andrew C. Harvey
유형Bayesian multivariate time-series modelState-space (unobserved components) time series model
원전Litterman, R. B. (1986). Forecasting with Bayesian Vector Autoregressions—Five Years of Experience. Journal of Business & Economic Statistics, 4(1), 25-38. DOI ↗Harvey, A. C. (1990). Forecasting, Structural Time Series Models and the Kalman Filter. Cambridge University Press. ISBN: 978-0521405737
별칭BVAR, Bayesian vector autoregression, Minnesota prior VAR, Bayesian VAR (BVAR)BSM, basic structural model, unobserved components model, Yapısal Zaman Serisi Modeli (BSM)
관련54
요약Bayesian VAR adds Minnesota or other prior distributions to a vector autoregressive model to control over-parameterisation. Introduced by Litterman (1986) and extended to high dimensions by Bańbura, Giannone and Reichlin (2010), it outperforms classical VAR on short series and high-dimensional macroeconomic forecasts.The Structural Time Series Model, in its Basic Structural Model (BSM) form, is Andrew Harvey's state-space approach that decomposes a series into separate stochastic trend, seasonal, cyclical, and irregular components. Developed in Harvey's 1990 treatment, it is prized for interpretability and component decomposition where ARIMA only delivers a black-box fit.
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