probit_break: probit break specification model with probit link

In PointFore: Interpretation of Point Forecasts as State-Dependent Quantiles and Expectiles

Description

All specification models can be used as parameter in estimate.functional. Specification models are used to denote the quantile or expectile level (depending on the identification function). The probit break specification model depends has a break at zero and a constant level above and below. It applies the probit link function.

Usage

probit_break(stateVariable, theta, ...)

Arguments

stateVariable	state variable
theta	parameter
...	...

Value

numeric level

See Also

Other specification models: constant, logistic_linear, probit_linear, probit_spline2, probit_spline3

Examples

# plot break probit specification model with constant quantile/expectile level
plot(function(x) probit_break(x,theta=c(0,0)), xlim=c(-1,1))


# plot linear break specification model with state-dependent quantile/expectile level
plot(function(x) probit_break(x,theta=c(0,5)), xlim=c(-1,1))

PointFore documentation built on May 2, 2019, 9:42 a.m.