The optimal combination is then set as that which minimizes some information criterion, say Akaike (AIC), Schwarz (BIC), Hannan-Quinn (HQ), or even the adjusted $R^2$. For instance, with EViews default values $p = q = 4$, the total number of models under consideration would be 100. In a nutshell, the TSIR postulates that there exists a relationship linking the yields on bonds of different maturities. The motivation for this entry is the classical term structure of interest rates (TSIR) literature. The following flow chart illustrates the procedure.
Estimate speed of adjustment, if appropriate.Ensure residuals from Step 5 are serially uncorrelated and homoskedastic.Estimate the model in Step 4 using Ordinary Least Squares (OLS).Determine the appropriate lag structure of the model selected in Step 3.Choose DGP $i=1,\ldots,5$ from those outlined in Part 1 and Part2.
IHS EVIEWS HOW TO
While our two previous posts in this series have been heavily theoretically motivated, here we present a step by step procedure on how to implement Part 1 and Part 2 in practice. Here, we demonstrate just how easily everything can be done in EViews 9 or higher.
IHS EVIEWS WINDOWS
Windows Vista / 7even / 8.In Part 1 and Part 2 of this series, we discussed the theory behind ARDL and the Bounds Test for cointegration. Headquartered in Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth and employs nearly 9,000 people in 33 countries around the world. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Businesses and governments in more than 140 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS is the leading source of insight, analytics and expertise in critical areas that shape today’s business landscape.
IHS EVIEWS SERIAL
Improved VAR serial correlation testing.įurther information on new features please visit
Additional autoregressive distributed lag (ARDL) tools. Interface to World Bank, United Nations, Eurostat, and European Central Bank data. This latest version includes some of the following exciting changes and improvements:
IHS EVIEWS SOFTWARE
The result is a state-of-the art program that offers unprecedented power within a flexible, easy-to-use interface.įind out for yourself why EViews is the worldwide leader in Windows-based econometric software and the choice of those who demand the very best. With EViews, you can quickly and efficiently manage your data, perform econometric and statistical analysis, generate forecasts or model simulations, and produce high quality graphs and tables for publication or inclusion in other applications.įeaturing an innovative graphical object-oriented user-interface and a sophisticated analysis engine, EViews blends the best of modern software technology with the features you’ve always wanted. This release offers academic researchers, corporations, government agencies, and students access to powerful statistical, forecasting, and modeling tools through an innovative, easy-to-use interface.Ī combination of power and ease-of-use make EViews the ideal package for anyone working with time series, cross-section, or longitudinal data. , Inc., the leading global source of information and analytics, announced the release ofġ0.0.