D09-F03-A02 · GUIDED MULTIVARIATE LAB
Structural VAR
Learn to apply and challenge a recursive short-run identification rather than treating a covariance decomposition as discovered causality.
Recursive B-model identification u_t=P epsilon_t using the lower Cholesky factor P under an explicit variable ordering. Synthetic results demonstrate the contract; they do not identify a real economic shock or prove forecasting value.
Stage 1 of 5