Hi,
Forgive me for my silly question as I am new to this. I do not understand how I can generate Out-of-sample forecasts.
I am working on a probit model where the binary dependent variable is Recession Indicator.
The sample is broken into two - one for in-sample analysis (1981m5 - 2001m4) and the other for out-of-sample analysis (2001m5 - 2020m3). I have spent over a week researching this with no success. I understand the technique described in other pages but don't understand what command I should use to create the out-of-sample forecasts.
For your ease, I have attached part of my data (so that I can try this on my own with the entire data once I know how).
Thank you so much for your time and kind help,
DM
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