Monday, August 22, 2022

EViews 13 is Released!


We are pleased to announce that EViews 13 has been released! Packed with new features and enhancements, EViews 13 can be purchased as either an upgrade or a new purchase for single user licenses.  Volume license customers will be receiving their complimentary upgrades soon!

Econometrics

EViews 13 features a number of new econometric features.

Non-linear ARDL Estimation

Improvements to existing tools for analyzing data using Autoregressive Distributed Lag Models (ARDL), featuring estimation of Nonlinear ARDL (NARDL) models which allow for more complex dynamics, with explanatory variables having differing effects for positive and negative deviations from base values. Watch our YouTube video for a demonstration.


Improved PMG Estimation

EViews 13 extends the estimation of PMG models to support:

  • A greater range of deterministic trend specifications (including those with fully restricted constant and trend terms)
  • Specifications with asymmetric regressors.


Difference-in-difference Estimation

Difference-in-difference (DiD) estimation is a popular method of causal inference that allows estimation of the average impact of a treatment on individuals.

EViews 13 offers tools for estimation of the DiD model using the common two-way fixed- effects (TWFE) method, as well as post-estimation diagnostics of the TWFE model, such as those by Goodman-Bacon (2021), Callaway and Sant’Anna (2021), and Borusyak, Jaravel, and Spiess (2021).

Goodman Bacon Decomposition
Goodman-Bacon Decomposition



Bayesian Time-Varying Coefficient VAR Estimation

Standard VAR models impose the constraint that the coefficients are constant through time. This is often not true of macroeconomic relationships. Consequently, in recent years VAR estimators that allow coefficients to change have become popular.

Consequently, EViews 11 introduced Switching VAR - a class of VAR that allows discrete occasional changes in the coefficients of the VAR.

EViews 13 expands this further by introducing Bayesian Time-varying coefficient VAR models, which allow continuous smooth changes in the coefficients. Watch our YouTube video for a demonstration.


Cointegration Testing Enhancements

EViews 13 features improvements to Johansen cointegration testing, including:


New deterministic trend settings

Specification of exogenous variables as outside or inside (or both) the cointegrating equation


And many more!


Non-Econometrics

EViews 13 also introduces new interface and programming enhancements, new data handling features, and, as always, improvements to the graphing and table engines. 

Pane And Tab Alternative User Interface

EViews 13 offers a new, alternative user interface mode that employs panes and tabs in places of multiple windows. The built-in organization properties of this interface may be ideally suited to smaller display environments.

Panes

Programming Language Debugging and Dependency Tracking

EViews 13 now offers tools for debugging an EViews program to help you to identify issues or locate the source of problems. The debugging tools allow you to set breakpoints on spe- cific lines, run the program until it hits that breakpoint, and then examine at the state of your workfile or variables at that point in the program execution.

Further, EViews 13 also provides a new feature to automatically log a program’s external dependencies (e.g. workfiles, databases, and other programs), allowing you to track which files are required and used by a program.

Panes

Jupyter Notebook Support

Jupyter is a web-based interactive development environment that allows users to create notebooks for documenting computational workflow. EViews 13 Enterprise can now be used as a Jupyter kernel. This means you can use Jupyter Notebook to run and organize an EViews program and display results from within the Jupyter Notebook.

View our YouTube demonstration!


Daily Seasonal Adjustment

Daily Seasonal Adjustment is new form of seasonal adjustment added to the already extensive collection available in EViews. This feature allows adjustment of daily data using the algorithm of Ollech (2021). More details can be seen in our YouTube demonstration.


Data Connectivity 

EViews 13 introduces connectivity to multiple new online data sources: The World Health Organization, Trading Economics, Australian Bureau of Statistics, France's L’Institut national de la statistique et des ├ętudes ├ęconomiques (INSEE), and Germany's Bundesbank.

Trading
WHO



And many more!


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