Date post: | 13-Dec-2015 |
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2
Download and open the Excel file containing the data
We are going to use Canada-US real exchange rate as an example.
Dated observations from 1970:01 to 2006:11
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Enter or read data in EviewsFile > New > Workfile
3. Click OK.
1. Choose “Monthly”.
2. Specify 1970:01 and 2006:11
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Enter or read data in Eviews Copy the data from Excel (B16:B458 together) to the Workfile
Default series names
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Renaming the seriesFirst minimize the data sheet
Highlight ser01 and right click mouse, and choose rename
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Fit Polynomial trend line of various degree (up to 5) using Least Squares and put the result to corresponding tables.
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Plot (in-sample) residuals, fitted values and actual values, and put them in corresponding figures (FigureA?)
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Plot the historical values, forecast, confidence interval and the actual value during the forecasting period.
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Fix the sample and compute the sqaured forecast errors based on different models.
Create a vector “A” to save the mean squared errors.Save the mean squared errors to the vector
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Note limitation of EViews 4.1 student version
There is a limit on how many variables we can create in student version.
When I tried to run 6 regressions, and create the 6 forecast, 6 confidence bounds, 6 squared forecast errors all in one go, I got an error message “You have exceeded the data capacity of the Student Version.” I have to delete some variables before I could complete all the analysis I wanted to do.