#What is eviews series

Each of these can be used to identify shortcomings of the current model and propose modifications which will address these shortcomings, in an interactive model development process on part of model developer. These outputs contain multiple relevant pieces of information, from basic model properties entailed in estimation output such as regression coefficients, to forecast performance and finally sensitivity properties. The process starts with initial proposed model, which is then evaluated using the outputs of the add-in. The workflow of the model development process is shown in figure below. Importantly, this means that the development process should be done by human developer, rather than rely on computer algorithm, since it requires a modicum of imagination. It should be interactive in that the improvements should be based on information about shortcomings of the earlier model. It should be iterative in that it proceeds in steps, each improving the earlier version of the model, be it in form of inclusion of additional regressors or modification of already included regressors. Specifically, the add-in is based on the belief that model development process should be both iterative and вЂ“ more importantly вЂ“ interactive. The SpecEval add-in was created with a particular model development process in mind. The main content of this blog post is contained in next two sections, which discuss basic execution before presenting the actual application. Next section provides brief discussion of this process, while the following section discusses the data and models considered. This blog post will focus on the illustration of the basic outputs of the add-in by following a simple application, which will also illustrate the model development process that the add-in aims to facilitate.

#What is eviews series

This is the second in a series of blog posts (the first can be found here) that present a new EViews add-in, SpecEval, aimed at facilitating development of time series models used for forecasting.