Error in forecast

Stochastic simulations
1

var
c l k w r iv y
;

parameters

ALPHA
BETA
DELTA
b
;

% parameters caliberation

ALPHA = 0.35;
BETA = 0.99;
DELTA = 0.025;
b = 1;

model;
c (+1) / c = BETA * (1+ r (+1) - DELTA (+1));

1-l = (c/w) * b;

r = ALPHA * (y/k);

w = (1-ALPHA) * (y/l);

y = iv + c;

iv = k (+1) - (1-DELTA) * k;

y = k^ALPHA * l^(1-ALPHA);

end
;

forecast;

ERROR : error: matrix cannot be indexed with .
error: called from
dyn_forecast at line 79 column 16
driver at line 168 column 21
dynare at line 281 column 5

Please help. How to resolve it?

2

You need to run stoch_simul before forecast.

3

Okay. Thankyou.

4

I don’t want to use stochastic in my model. Then how should I forecast?

5

Kindly guide.

6

If there is no stochastics, then what is the point of forecasting?