Hello, I have two questions.
1. What ordering options are available other than Cholesky Decomposition ordering in VAR (Vector autoregressive) Model? I try to run IRF (Impulse response function) using alternative ordering options but I can not find any option in STATA. I want to know different types of ordering in VAR model.
2. Why ordering of variables is important in VAR model? If you know any reference or material related to this question, please share.
1. What ordering options are available other than Cholesky Decomposition ordering in VAR (Vector autoregressive) Model? I try to run IRF (Impulse response function) using alternative ordering options but I can not find any option in STATA. I want to know different types of ordering in VAR model.
2. Why ordering of variables is important in VAR model? If you know any reference or material related to this question, please share.
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