Presample

Hi,
I have a version of dynare 3 that computes the filtered and smoothed variables even for the presample period. Is that the way things should be?

Junior

Yes, I don’t see a problem there. The ‘presample’ periods are periods at the beginning of the sample, after initialization of the filter but that aren’t used to compute the loglikelihood. Filtered values must be computed for them and I don’t see why not computing smoothed values as well.

Kind regards

Michel

Dear Michel,
Thanks a lot.

Junior