e views review

8/9/2019 e Views Review

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Eviews Tutorial for Economic Forecasting

Lei Lei


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Getting Started

Open Eviews window

Create a workfile

Import dataEdit and Save data

View and plot data

View summary statisticsGenerate new variales

!un simple regression


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"#Open Eviews window$-

Status line:

.t t&e ottom' providing additional information

on t&e status of various settings of t&eprogram#

Work area%

/etween t&e command window and t&e statusline' w&ere t&e results of operations will e

displayed#


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-#Create a 0orkfile$"

Click on t&e File menu' t&en on New ' and onWorkfile - t&e most important o1ect containerin Eviews' w&ic& can e used to store data

In the window appeared: C&oose t&e type of your data# For e+ample' you can

select (2ated$regular fre,uency) for time$series data Input t&e start and end dates of your data 3ame t&e workfile 4optional Click OK #


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-#Create a 0orkfile$-

The workfile now contains two

entries: c 5 constant' w&ere Eviews saves t&e

intercept of t&e regression

resid 5 residuals' w&ere Eviews saves t&e

residuals of last regression


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6#Import data$"

Import from excel file: Open t&e file' make sure t&e oservations for different

variales are arranged in columns' wit& names on top#

Copy t&e names of t&e variales' and rememer t&e 7pperleft data cell 4location of first data' i#e#' .-8' t&en close t&e

spreads&eet#

In main Eviews window' after creating t&e workfile' click

File' t&en Read Text-Lotus-Excel ' and specify t&e location

of data file#

In t&e opened dialog o+' fill in t&e 7pper left data cell' t&en

past t&e names of t&e variales' click OK #


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6#Import data$-

Enter data manuall:

click on !uick in t&e title ar' and t&en onEmpt "roup #Edit Series$#

3e+t enter t&e variales' starting wit& t&e name'

in t&e grey o+ to t&e immediate rig&t of (os#)


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6#Import data$6

Import %SCII data form a textfile: 9ake sure t&e oservations for different

variales are arranged in columns' wit& nameson top#

In t&e Eviews workfile window' click Procs' andRead Text-Lotus-Excel, t&en rowse for

location t&e te+t file# In t&e dialog o+' select from a range of input

options#


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:#Edit and Save data$"

Edit data: click t&e Edit+/- utton on t&e workfile toolar' move to t&e oservation in ,uestion'

enter t&e correct value' and press Enter#

;aste data into word file% click freeze' t&en

you can copy and past#

;rint data% click Prit utton#


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:#Edit and Save data$-

Save data:

Save an entire workfile% click !a"e in t&e workfile toolar' or click on File and t&en !a"e#s in t&e

main menu#

Store individual series% clcik !tore in t&e workfile toolar# If you need to retrieve t&e series' you can

simply click on Fetc$ in t&e workfile toolar#


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>#View summary statistics

(ne variable Click t&e )iew utton at t&e upper$left corner of

t&e workfile' t&en click on escri%ti"e!tatistics' and isto'ra. ad !tats

Multiple variables

First open t&e variales as a group View escri%ti"e !tatistics in t&e group

View correlatios


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?# Generate new variales

In t&e workfile window' click Genr utton' t&en

specify t&e new variale using e,uation formula#

.lternatively' in t&e command line' use command(genr) to generate new variales# For e+ample'

natural logs% genr l,vetts@log4,vetts8

genr unempls,@unemploymentAunemployment

lagged variale% genr lprice@price4$"8


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B#!un simple regression$"

In main Eviews window' click uick ' t&en

Esti.ate E0uatio# .lternatively' in Workfile

window' click O12ect ' and New O12ect, t&enclick E0uatio#

E,uation Speciation% write down t&e e,uation'

t&en c&oose t&e met&od 4usually leasts,uares8 and sample period#


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B#!un simple regression$-

Savin) e*uation: using Na.e Option

+ote: If run linear regression' you may 1ustinput t&e name of t&e variales instead oft&e w&ole formula# First is t&e dependentvariale' t&en write down all independent

variales# 4e#g% * c " - D k8


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B#!un simple regression$6

The interpretation of the coefficients:

It indicates t&e effect of a unit c&ange in t&erelevant variale on t&e dependent variale'holding all other factors constant 4(ceterisparius)8#

Exportin) table of results:

Save tale using Freeze/Na.e Open tale' select all' t&en copy and c&oose

(formatted)' t&us paste in word file#


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B#!un simple regression$:

Test: Click &iew,Coefficient Tests,Wald-Coefficient

estrictions#

&iew results in the e*uation window: !egression output% click )iew ' t&en Esti.atio

out%ut

!esiduals% click )iew ' t&en #ctual, Fitted redisual


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T&e end

T&ank you

e views review

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