[R-SIG-Finance] Query on strucchange package
john@d@wr|ter @end|ng |rom gm@||@com
Mon Jan 21 10:27:13 CET 2019
I have a query on the usage of breakpoints function in strucchange package.
The example on Page 14 of 69 of the reference manual
strucchange package shows this
breakpoints(Nile ~ 1)
where Nile is the time series dataset for which breakpoints are to be
What does this command mean ? Strucchange package is based on Bai Perron
(page 13) Structural break model using linear models. It seems to me that
no other variable is used here.
I am not sure if I have misunderstood the paper or this command.
I would be grateful if someone can explain. Please advise.
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