The tool supports interface of Foresight Analytics Platform 9 or earlier.

Error Correction Model

The method corrects errors in data. It is included in the Regression group.

After the method is applied, the calculated series of the Error Correction Model(<Exogenous_Variables_List>) type based on the selected series and containing calculation results is added to the workbook. For example:

Setting Up Calculation Parameters. The Parameters tab

To set up calculation parameters, use the Parameters side panel tab.

To display the tab

Method parameters:

Type of Error Correction Model. Select the required model:

Without trend in autoregression, without constant in cointegration equation.
Without trend in autoregression, with constant in cointegration equation.
With constant in autoregression and in cointegration equation (trend in source data).

Autoregression Order for Endogenous and Exogenous Series. Specify the autoregression order for endogenous and exogenous series. Enter numbers or ranges of autoregression order separated by commas. The range of autoregression order is specified using the sign "-"
Output Series. Specify the output series. The rest of the series become exogenous variables.