When constructing a forecast of future values of a variable, economic decision makers often have access to different forecasts perhaps from different models they have created themselves or from forecasts obtained from external sources.

EViews introduces an automatic ARIMA forecasting series procedure that allows the user to quickly determine an appropriate ARIMAX specification and use it to forecast the series into the future.ĮViews provides tools for evaluating the quality of a forecast whichĬan help you determine which single forecast to use, or whether constructing a composite forecast by averaging would be more appropriate. Automatic ARIMA ForecastingĪutomatic ARIMA forecasting is a method of forecasting values for a single series based upon an ARIMA model.Īlthough EViews provides sophisticated tools for estimating and working with ARIMA models using the familiar equation object, there is considerable value in a quick-and-easy tool for performing this type of forecasting. Among the highlights are new tools for automatic ARIMA forecasting, forecasting evaluation and averaging, and VAR forecasting.

EViews 9.5 New Econometrics and Statistics: ForecastingĮViews features a number of additions and improvements to its toolbox of basic statistical procedures.

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