VoseTimeWageInflationA | Vose Software


See also: Time series in ModelRisk

VoseTimeWageInflationA({Price inflation}, QMU, QSD, QA, WMU, WSD, WA, WW1, WW2)




Array function that models Wilkie's wage inflation time series model based on an existing price inflation array.

  • {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.



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