MSCMT

Multivariate Synthetic Control Method Using Time Series

Last update: 29 November 2023

Copyright license: GNU General Public License, version 3.0, GNU General Public License, version 2.0

Software version identifier: 1.3.6, 1.3.7, 1.0.0, 1.1.0, 1.2.0, 1.3.0, 1.3.1, 1.3.2, 1.3.3, 1.3.4, 1.3.5, 1.3.8, 1.3.9

Source code repository: https://github.com/cran/MSCMT

Description

Three generalizations of the synthetic control method (which has already an implementation in package 'Synth') are implemented: first, 'MSCMT' allows for using multiple outcome variables, second, time series can be supplied as economic predictors, and third, a well-defined cross-validation approach can be used. Much effort has been taken to make the implementation as stable as possible (including edge cases) without losing computational efficiency. A detailed description of the main algorithms is given in Becker and Klößner (2018) <doi:10.1016/j.ecosta.2017.08.002>.

Cites work

Fast and reliable computation of generalized synthetic controls

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