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Richard Hardy
Richard Hardy
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Time Series VAR models in R: Constant, Trend, Constant+Trend, None

I currently apply a VAR models with the vars package in R. There are the options to select "both""both", "none""none", "trend""trend", "constant"or "constant".

I searched a little but I didn't find conclusive evidence to know what constant"const" exactly means?.

enter image description here

I found this plot and I'm curious, whether constant"const" means "cycle", also sometimes described as "drift"?

Trend"trend" should be clear as a time series that is trending up- or downwards is trending. I assume most economic time series to be either constant+trend or constant?

Time Series: Constant, Trend, Constant+Trend, None

I currently apply a VAR models with the vars package in R. There are the options to select "both", "none", "trend", "constant".

I searched a little but I didn't find conclusive evidence to know what constant exactly means?

enter image description here

I found this plot and I'm curious, whether constant means "cycle", also sometimes described as "drift"?

Trend should be clear as a time series that is trending up- or downwards is trending. I assume most economic time series to be either constant+trend or constant?

VAR models in R: Constant, Trend, Constant+Trend, None

I currently apply a VAR models with the vars package in R. There are the options to select "both", "none", "trend", or "constant".

I searched a little but I didn't find conclusive evidence to know what "const" exactly means.

enter image description here

I found this plot and I'm curious, whether "const" means "cycle", also sometimes described as "drift"?

"trend" should be clear as a time series that is trending up- or downwards is trending. I assume most economic time series to be either constant+trend or constant?

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HeRman
HeRman
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Time Series: Constant, Trend, Constant+Trend, None

I currently apply a VAR models with the vars package in R. There are the options to select "both", "none", "trend", "constant".

I searched a little but I didn't find conclusive evidence to know what constant exactly means?

enter image description here

I found this plot and I'm curious, whether constant means "cycle", also sometimes described as "drift"?

Trend should be clear as a time series that is trending up- or downwards is trending. I assume most economic time series to be either constant+trend or constant?