EViews 12: A Powerful Software for Econometric and Statistical Analysis
EViews 12 is the latest version of the popular software for econometric and statistical analysis, forecasting, and simulation. EViews 12 offers many new features and enhancements that make it easier and faster to work with data, perform analysis, generate forecasts, and produce high-quality graphs and tables.
In this article, we will review some of the main features of EViews 12 and how to download and install it on your Windows 64-bit computer.
What is EViews?
EViews stands for Econometric Views. It is a software that uses an intuitive interface to help users manage data, conduct econometric and statistical analysis, generate forecasts or simulations, and produce graphs and tables for publication or inclusion in other applications.
EViews is widely used for time series analysis, as it can handle various types of data structures, such as cross-sections, panels, or multiple frequency data. EViews also supports a range of estimation methods, such as ordinary least squares, maximum likelihood, generalized method of moments, or Bayesian inference.
EViews can also perform various tests and diagnostics, such as unit root tests, cointegration tests, autocorrelation tests, heteroskedasticity tests, or model selection criteria. EViews can also handle nonlinear models, such as threshold models, smooth transition models, or neural networks.
EViews also allows users to create custom programs and procedures using its own programming language, EViews Programming Language (EPL). EPL can be used to automate tasks, extend functionality, or create user-defined objects and methods.
What's New in EViews 12?
EViews 12 introduces many new features and improvements that make it more powerful and user-friendly. Some of the highlights are:
A new interface design that allows users to customize the appearance and layout of EViews windows, menus, toolbars, and icons.
A new data handling system that supports more data formats, such as JSON, HDF5, GeoTIFF, or shapefiles. Users can also import data from various online sources, such as FRED, World Bank, Eurostat, or Quandl.
A new graphing engine that provides more options and flexibility for creating and editing graphs. Users can also export graphs to various formats, such as SVG, PDF, PNG, or EMF.
A new table object that allows users to create and edit tables with more features and functionality. Users can also export tables to various formats, such as Excel, Word, LaTeX, or HTML.
A new equation object that supports more estimation methods and options. Users can also perform model averaging or model selection using various criteria.
A new forecast object that allows users to create and compare multiple forecasts from different sources or methods. Users can also perform forecast evaluation or combination using various statistics or tests.
A new scenario object that allows users to create and compare multiple scenarios based on different assumptions or shocks. Users can also perform scenario analysis using various tools or methods.
A new optimization object that allows users to solve optimization problems using various algorithms or options. Users can also perform sensitivity analysis or Monte Carlo simulations using the optimization object.
A new matrix language that provides more functions and operators for working with matrices. Users can also use matrix language to create user-defined functions or procedures.
A new database object that allows users to create and manage databases with more features and functionality. Users can also access databases from various sources or platforms, such as SQL Server, Oracle, MySQL, PostgreSQL, or ODBC.
A new add-in system that allows users to extend the functionality of EViews by installing add-ins created by EViews developers or third-party developers. Users can also create their own add-ins using EPL or other languages.
How to Download and Install EViews 12?
To download and install EViews 12 on your Windows 64-bit computer, you need to follow these steps:
Go to the official website of EViews at https://www.eviews.com and purchase a copy of EViews 12. You will be provided with a 24-character serial number (beginning with the characters â12â) as part of your purchase 06063cd7f5