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See also: Time series in ModelRisk
VoseTimeWageInflation(QMU,QSD,QA,WMU,WSD,WA,WW1,WW2)
Array function that models Wilkie's wage inflation time series model.
{Price inflation} - array with price inflation data.
QMU - Mean force of inflation.
QSD - standard deviation of force inflation.
QA - autoregression coefficient.
WMU - Factor related to mean force of real wages growth
WSD - standard deviation of residual
WA - Autoregression coefficient
WW1 - factor for this year's inflation
WW2 - factor for last year's inflation
As the ModelRisk Time Series functions typically take a lot of parameters, we recommend for these in particular to use the Wilkie Models window.
