Note that even if Automatic lag selection is preferred, maximum lag-orders need to be specified for the dependent variable as well as the regressors.
#MODUL EVIEWS 9 HOW TO#
EViews offers the user an option on how to select from among these, and we will discuss this when we explore estimation next.Įstimation, Residual Diagnostics, Bounds Test, and Speed of AdjustmentĪRDL models are typically estimated using standard least squares techniques. 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. Specify how deterministics enter the ARDL model.Ensure all variables are integrated of order I$(d)$ with $d
#MODUL EVIEWS 9 SERIES#
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. While watching and learning about these frequently used and dominant methods, make sure that you are aware of the alternative streams of economic forecasting and model testing.In Part 1 and Part 2 of this series, we discussed the theory behind ARDL and the Bounds Test for cointegration.
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Cointegration and Vector Error Correction Models (VECMs).Forecast Uncertainty and Model Evaluation.
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Modul ini dilengkapi dengan langkah-langkah praktis dalam mengoperasikan EViews.
#MODUL EVIEWS 9 SOFTWARE#
Modul ini menyajikan mengenai pengoperasiannya dalam software EViews.
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"In this macroeconomics course, you will learn to predict macroeconomic variables such as inflation, growth or consumption, and to create statistical models in economics and use them to predict responses to economic policy."