I am using R
vars package to implement VAR model in a multivariate time series model. I tried to run:
VAR(foo_ts, p = 6)
but I was getting this error message:
Error in solve.default(Sigma) :
system is computationally singular: reciprocal condition number = 0
foo_ts is a time series data.
I have tried to adapt examples in stackexchange and stackoverflow but have not been successful in running the VAR model. I have successfully run the VAR model on other datasets but not on foo_ts. Any help will be appreciated.