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Eviews: Student Version

This document provides an overview of using EViews for statistical analysis. It discusses creating workfiles, importing data from Excel, running regressions, and performing diagnostic tests on regressions. Exercises guide users to import macroeconomic and microeconomic data, create groups of variables, run correlations, and check for issues like heteroskedasticity in regressions. The document also reviews generating new variables, using commands, and finding help resources.

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aswanwater
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67 views24 pages

Eviews: Student Version

This document provides an overview of using EViews for statistical analysis. It discusses creating workfiles, importing data from Excel, running regressions, and performing diagnostic tests on regressions. Exercises guide users to import macroeconomic and microeconomic data, create groups of variables, run correlations, and check for issues like heteroskedasticity in regressions. The document also reviews generating new variables, using commands, and finding help resources.

Uploaded by

aswanwater
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
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EViews

Student Version
Today’s Workshop
• Basic grasp of how EViews manages data
• Creating Workfiles
• Importing data
• Running regressions
• Performing basic tests
• Creating/changing Series
• Working with commands
Thinking About EViews
• Workfile
Central place to keep all of your work

• Objects
– Series (Numeric, no alpha series in student version)
– Equations
– Graphs
– Groups

*Always comes with


series for a constant, c,
and residuals, resid
Workfiles
• Creating a Workfile
– File → New → Workfile
• Data Structure
Time Series → Dated/Regular → Frequency + Date Range
Cross-Sectional → Undated/Irregular → Range of observations
• Save & Name
(do not have to do this for this exercise)

• New Pages (Eviews 6)


– By clicking on the “New Page” label at the bottom of the Workfile
you can create new pages
• Select “By Frequency”
Exercise #1
• Open the Excel file EViewsLab_data.xls, we
will be working with the “Macro” sheet

• Create a new Workfile for today’s workshop


Importing Data
• Copy/Past Method
1. Open new “Empty Group”
• Quick → Empty Group
• Click on Cell 1 and press the “Up” arrow on keyboard

2. Open Excel
• Make sure variable names are one constant “String” (no spaces!)
• Troubleshoot for other problems
3. Copy Data
4. Paste into Eviews Cell 1
Exercise #2
• Import data Series from Excel sheet 1: Macro
Importing Data
• Import Directly
1. Count the number of variables and CLOSE Excel file
2. Proc →Import →Read Text-Locus-File
3. Browse for Excel file
4.
Exercise #3
• Create a new page in the Workfile for the
unstructured data in the “Micro” sheet

• Import, directly, the data from the “Micro”


sheet
Descriptive Statistics
• Group
– Stores select series together
– Object → New Object → Group → Select Series → Name

• Descriptive Statistics
– When group spreadsheet is open:
– View → Descriptive Statistics → Common Sample
→ Correlogram
Exercise #3
• Create a group for you INDEPENDENT variables
(hint: consumption is your dependent variable)

• Find the Standard Deviation for each variable

• Run a correlation matrix of independent


variables to determine if you might have
multicolinearity (hint: look if off-diagonal
absolute values are bigger than 0.5)
Regressions
• Create a new Equation
– In your Workfile:
– Object → New Object → Equation

Separated by spaces:
*Dependent variable
*Constant, c
*Independent variables
(or Group)

Type of Regression

Sample Range
Regression Tests & Fixes
Estimate: Modify
• Output Useful to Create Model
Regression
To Run Tests
Regression
Summary
This View
Coefficient
Summary
SAVE!

Statistics

• Name = Save to Workfile


Regression Tests & Fixes
• Looking at Residuals
– In Equation View:
– View → Actual, Fitted, Residual → Actual, Fitted, Residual Table

• Plotting Resid Vs. Fitted Values


– Generate fitted values
– In Equation View: “Forecast” → OK (is named “variable”f)
– In Workfile: Object → New Object → Graph
• Graph: resid “variable”f
• Options → Type → Scatter
Regression Tests & Fixes
• Heteroskedasticity
– In Equation View:
– View → Residual Tests → White Heteroskedasticity (no cross)
– Look at Chi-square value
from a table
(want a small value)

– Fix: Click on “Estimate”


• Click on “Options” → check box for “Heteroskedasticity consistent
coefficient covarariance” → OK
Regression Tests & Fixes
• Normality
– View → Residual Tests → Histogram-Normality Test
– Look at Jarque-Bera stat

– Fix: Depending on skew, you can adjust variables (ex:


square, log, etc) or add/delete variables
Regression Tests & Fixes
• Correlation & Multicolinearity
– Create Correlation Matrix:
– Quick → Group Statistics → Correlations

– Off-diagonal values should be less than 0.5

– Fix: Talk to your advisor


Exercise #4
• Plot fitted values vs. residuals
• Check for Heteroskedasticity and fix if
necessary
• Check for Multicolinearity
• Check for Normality
Changing/Creating Variables

• Edit Mode
– In Spreadsheet: Toggle “Edit+/-”
– CAREFUL! No “undo”

• Generate new variable


– In Workfile:
• Click on “Genr”
• Enter equation:
“new variable name” = equation
• Regular math function keys
• Lag: variable(-1)
Just for Fun…
• Opening a non-excel data file
– Open peacekeeping.txt
– Open Excel and open this .txt file from Excel
• Delimitate correctly

• Student Version does not use “alpha” objects (series with words)

• Select only numeric variables or change alpha variables into numeric values

– Import into EViews as before

• Import Directly: Proc →Import →Read Text-Locus-File


Commands
• Top, Left-Hand “Command Box”

• Single commands
• Batch (program)

• Syntax:
Command (Option) Argument
Commands
• Frequently Used Commands:
– show variable
– genr variable = equation
– sample n1 n2
• n1 and n2 represent the start and end of range
• Or qualifiers such that:
sample variable if >15
• Statistical Operations:
– equation name .ls(h) dependent c independent variables
– cor variables
– group variables
Help!
• For general instruction or commands:
– EViews PDFs !
– Help → Users Guide (pdf)
→ Command & Programming Reference (pdf)
All Done!
If you would like more, individual help
please see the Technical Statistical
Coordinator 

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