diff --git a/doc/dynare.texi b/doc/dynare.texi
index 06b567827860c21fc08ffdef560a3de9311a20b7..5f18125f3111e17985de13dc1d975e55009f2736 100644
--- a/doc/dynare.texi
+++ b/doc/dynare.texi
@@ -5820,7 +5820,7 @@ confidence interval.
 @table @code
 
 @item periods = @var{INTEGER}
-Number of periods of the forecast. Default: @code{40}
+Number of periods of the forecast. Default: @code{5}.
 
 @item conf_sig = @var{DOUBLE}
 @anchor{conf_sig} Level of significance for confidence