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WHAT IS EVIEWS SOFTWARE
He has successfully designed a number of Statistical models for the explanation of the cause and effect relation between the various economic variables.Įviews is one of the common statistical software tools and is widely used in academic curriculum of statistics and economics courses. He has promoted Eviews as a strong engine of structural modeling for defining and explaining the real life econometric problems. One of the pioneers in econometric modeling using Eviews is Prof. It thus helps in decision making for such businesses while it provides you with a better forecast of costs and prices for the profit generating businesses. Businesses and corporates can utilize this program carrying out researches on a market they want to venture into or to analyze a new product they want to launch. When data based on economic factors is collected, Eviews helps to analyze that data and come out with a conclusion based on the raw data collected. The software works on a spreadsheet mode and therefore for input and output it is compatible with MS Excel, SPSS (Statistical Package for Social Science), Sata, Rats (Regression Analysis of Time Series) and TSP (Time Series Processor) among some of the other statistical packages.Įviews is a program that utilizes statistical procedures, concepts and practices to solve economics problems.
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Eviews can be used to analyze panel data as well as cross sectional data analysis for forecasting the results in a time series based equation. It was released from the first time in the year 1994 created and launched by Quantitative Micro Software (QMS). The unique feature of this package is its application in time series based analysis and modeling of structured economic problems. Eviews is simply the short form of econometrics views. It is helpful in analyzing, evaluating and forecasting the relationship and the interplay between the variables under study. Eviews is popular statistical package of economic structural modeling.