probit_spline3: cubic spline 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). This specification model depends through a cubic spline on the state variable and applies a probit link function.

Usage

probit_spline3(stateVariable, theta, ...)

Arguments

stateVariable	state variable
theta	parameter
...	...

Value

numeric level

See Also

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

Examples

# plot example of cubic spline specification model with state-dependent quantile/expectile level
plot(function(x) probit_spline3(x,theta=c(0,2,1,-1)), xlim=c(-2,2))

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