I am doing a VAR model in JMulTi and I wanted to know how to do a likelihood ratio test to determine if I leave out one variable from the VAR, if the model is better off.
I searched the JMulTi help browser and I also tried to see if there is any option in the software to do this when running a VAR (not a SVAR) but I did not get anything.
Can some please let me know if it is possible to do a likelihood ratio test on a VAR model in JMulTi? Thanks.
you are probably looking for this
Still no response.
Thanks for bringing this to my attention Manny.
Can one of the moderators or someone who can assist please provide us with any advice on the likelihood ratio test? Thanks.