Eviews

Using EViews for Principles of Econometrics

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This manual is a supplement to the textbook Principles of Econometrics, 3rd Edition, by Hill, Griffiths and Lim (John Wiley & Sons, Inc., 2008). It is not in itself an econometrics book, nor is it a complete computer manual. Rather it is a step-by-step guide to using EViews for the empirical examples in Principles of Econometrics, which we will abbreviate as POE. This book contains a CD with EViews Student Version 6. We imagine you sitting at a computer with your POE text and Using EViews for Principles of Econometrics, 3rd Edition open, following along with the manual to replicate the examples in POE. Before you can do this you must install EViews and obtain the EViews “workfiles,” which are documents that contain the actual data.

1. Installing EViews 6 student version

Your copy of EViews is distributed on a single CD-ROM. EViews is a Windows-based program. First close all other applications, then insert the CD into your computer’s drive and wait until the setup program launches. If the CD does not spin-up on its own, navigate to the CD drive using Windows Explorer, and click on the Setup icon (AUTORUN.EXE).

The initial screen is shown below. You should first click on View Read Me to see any last minute changes or instructions. Click View Documentation to open EViews 6 Getting Started for the Student Version. It describes the installation and registration process. This document can also be accessed from the Help/Student Version Getting Started (pdf) from the main EViews menu. You must have Adobe Acrobat to read *.pdf files. If you do not have this software, go to www.adobe.com and download the free Adobe Reader.

When you are ready, click Install EViews and follow the on-screen instructions.

2. Checking for updates

Once installed you should visit www.eviews.com and check the “download” link. There you will find any updates for your software.

3. Obtaining data workfiles

The EViews data workfiles (with extension *.wfl) and other resources for POE can be found at www.wilev.com/college/hill . Find the link “Online resources for students.” The POE workfiles can be downloaded in a compressed format, saved to a subdirectory (we use c:\data\eviews), and then expanded. In addition to the EViews workfiles, there are “data definition” files (*.def) that describe the variables and show some summary statistics. The definition files are simple text files that can be opened with utilities like Notepad or Wordpad, or using a word processor. These files should be downloaded as well. Individual EViews workfiles, definition files, and other resources can be obtained at www.bus.lsu.edu/hill/poe. The data files in EViews, Excel, and ASCII format, along with the definition files, are also on the EViews 6 SV CD-ROM that came with this manual.

Main contentsSee more from basic to advanced

Examining Several Series with EViews

Rather than examining one series at a time we can view several. In the workfile window select the series Ml and then while holding down

Using a EViews Workfile

As noted earlier all the data for the book Principles of Econometrics is provided as EViews worhfiles. These will be used starting in Chapter 2.

The EViews Help System

Click Help on the EViews menu The resulting menu is 1. EViews help topics First, click on EViews Help Topics. Select Getting Started (Student Version)

Starting EViews

To launch EViews double click the EViews 6 SV icon on the desktop, if one is present. It should resemble Alternatively, select EViews from the

Using EViews for Principles of Econometrics

This manual is a supplement to the textbook Principles of Econometrics, 3rd Edition, by Hill, Griffiths and Lim (John Wiley & Sons, Inc., 2008). It

Introduction to Eviews

EViews is a statistical package for Windows, used mainly for time-series oriented econometric analysis. It is developed by Quantitative Micro Software (QMS), now a part of IHS. Version 1.0 was released

The Multiple Linear Regression Model by using EViews

In the simple linear regression model the average value of a dependent variable is modeled as a linear function of a constant and a single

Prediction, Goodness of Fit and Modeling Issues by using EViews

1. PREDICTION IN THE FOOD EXPENDITURE MODEL In this chapter we continue to work with the simple linear regression model and our model of weekly

Interval Estimation and Hypothesis Testing by using EViews

1. INTERVAL ESTIMATION For the regression model y = β1 +β2x + e, and under assumptions SR1-SR6, the important result that we use in this

The Simple Linear Regression Model by using EViews

In this chapter we introduce the simple linear regression model and estimate a model of weekly food expenditure. We also demonstrate the plotting capabilities of

Using EViews Functions

Now we will explore the use of some EViews functions. Select Help/Quick Help Reference/Function Reference. 1. Descriptive statistics functions Select Descriptive Statistics from the list

Using the Quick Menu of EViews

The spreadsheet view of the data is very powerful. Another key tool is the Quick menu on the EViews workfile menu. The options shown are

Simultaneous Equations Models by using EViews

1. EXAMINING THE DATA In this section, the text introduces a two-equation demand and supply model for truffles, a French gourmet mushroom delicacy. To estimate

Random Regressors and Moment Based Estimation by using EViews

1. THE INCONSISTENCY OF THE LEAST SQUARES ESTIMATOR To reproduce Figure 10.2, showing the positive correlation between the x and e generated by the Monte

Dynamic Models, Autocorrelation, and Forecasting by using EViews

1. LEAST-SQUARES RESIDUALS: SUGARCANE EXAMPLE The first example considered in Chapter 9 is an area response model for sugarcane in Bangladesh where area sown to

Heteroskedasticity by using EViews

1. EXAMINING RESIDUALS In this chapter we return to the example considered in Chapters 2 to 4 where weekly expenditure on food was related to

Nonlinear Relationships by using EViews

1. POLYNOMIALS In microeconomics you studied “cost” curves and “product” curves that describe a firm. Total cost and total product curves are mirror images of

Further Inference in the Multiple Regression Model by using EViews

1. F AND CHI-SQUARE TESTS In Chapter 5 we saw how to use EViews to test a null hypothesis about a single coefficient in a

Importing and Exporting with EViews

1. OBTAINING DATA FROM THE INTERNET Up to now we have taken you through various econometric methodologies and applications using already prepared EViews workfiles. In

Qualitative and Limited Dependent Variables by using EViews

1. MODELS WITH BINARY DEPENDENT VARIABLES We will illustrate binary choice models using an important problem from transportation economics. How can we explain an individual’s

Panel Data Models by using EViews

1. GRUNFELD DATA: TWO EQUATIONS Panel data are data with two dimensions, a time dimension and a cross-section dimension. They typically comprise observations on a

Time-Varying Volatility and ARCH Models by using EViews: An Introduction to Financial Econometrics

1. TIME-VARYING VOLATILITY In this chapter we are concerned with variances that change over time, i.e., time-varying variance processes. The model we focus on is

VEC and VAR Models by using EViews: An Introduction to Macroeconometrics

1. VEC AND VAR MODELS A VAR model describes a system of equations in which each variable is a function of its own lag and

Nonstationary Time Series Data and Cointegration by using EViews

1. STATIONARY AND NONSTATIONARY VARIABLES Time-series data display a variety of behavior. The data shown in Figure 12.1 is stored in the EViews workfile usa.wfl.

Source: Griffiths William E., Hill R. Carter, Lim Mark Andrew (2008), Using EViews for Principles of Econometrics, John Wiley & Sons; 3rd Edition.

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