We've all experienced it. You go to use a statistical table - Standard Normal, Student-t, F, Chi Square - and the line that you need simply isn't there in the table. That's to say the table simply isn't detailed enough for our purposes.One question tha...
We've all experienced it. You go to use a statistical table - Standard Normal, Student-t, F, Chi Square - and the line that you need simply isn't there in the table. That's to say the table simply isn't detailed enough for our purposes.One question tha...
As I mentioned in this recent post, the EViews team had a third blog post on ARDL modelling up their sleeves. The said post appeared a few days ago, here.It's a real gem! The flow-chart and the detailed application are fabulous - I wish I could have co...
The team at EViews has just released another post about ARDL modelling on their blog. This one is titled, "AutoRegressive Distributed Lag (ARDL) Estimation. Part 2 - Inference". This post is a follow-up to one that they wrote last month, and which I co...
Today the team at EViews published an important post on their blog. It's titled, "Autoregressive Distributed Lag (ARDL) Estimation. Part 1 - Theory".If you have an interest in ARDL modelling - and I know that there are lots of you out there - then this...
A terrific new book titled, Quantitative Macroeconomic Modeling with Structural Vector Autoregressions – An EViews Implementation, is now available for free downloading from the EViews site. The book is written by Sam Ouliaris, Adrian Pagan, and...
In an earlier post I discussed Shirley Almon's contribution to the estimation of Distributed Lag (DL) models, with her seminal paper in 1965.That post drew quite a number of email requests for more information about the Almon estimator, and how it fits...
In the early part of my recent post on this series of posts about Monte Carlo (MC) simulation, I made the following comments regarding its postential usefulness in econometrics:".....we usually avoid using estimators that are are "inconsistent". This i...
In various earlier posts I've commented on the need for conducting specification tests when working with Logit and Probit models. (For instance, see here, here, and here.) One of the seminal references on this topic is Davidson and MacKinnon ...
Recently, a reader asked about generating forecasts from an estimated Error Correction Model (ECM). Really, the issues that arise are no different from those associated with any dynamic regression model. I talked about the latter in a previous post&nbs...
