Thank you so much for your quick and helpful responses today, you've been a great help!
Kind regards,
Thomas
Search found 10 matches
- Thu Jun 28, 2012 11:24 am
- Forum: Estimation
- Topic: "Averaging" many to just 1 coefficient in OLS.
- Replies: 8
- Views: 6123
- Thu Jun 28, 2012 9:11 am
- Forum: Estimation
- Topic: "Averaging" many to just 1 coefficient in OLS.
- Replies: 8
- Views: 6123
Re: "Averaging" many to just 1 coefficient in OLS.
I see, here's a screenshot then!
- Thu Jun 28, 2012 8:26 am
- Forum: Estimation
- Topic: "Averaging" many to just 1 coefficient in OLS.
- Replies: 8
- Views: 6123
Re: "Averaging" many to just 1 coefficient in OLS.
Thanks for you advice. Looks like i got a lot further now. I stacked the data as the tutorial describes here: http://forums.eviews.com/viewtopic.php?t=74&f=7 Then, I did a regression including the dummy variable on the entire dataset. I used a dummy: d1=1 if Rule based, d1=0 if Discretionary. Th...
- Thu Jun 28, 2012 7:23 am
- Forum: Estimation
- Topic: "Averaging" many to just 1 coefficient in OLS.
- Replies: 8
- Views: 6123
Re: "Averaging" many to just 1 coefficient in OLS.
So the dummy would look something like this? d:=1 if discretionary, 0 if rule-based. ? How do I add in a dummy in Eviews? I thought of this option before but i couldn't find any tutorial anywhere on using dummies in Eviews. I'm quite new to Eviews and time series in general. Is there any chance you ...
- Thu Jun 28, 2012 6:49 am
- Forum: Estimation
- Topic: "Averaging" many to just 1 coefficient in OLS.
- Replies: 8
- Views: 6123
"Averaging" many to just 1 coefficient in OLS.
Dear forum participants, My goal is to measure inflation persistence for a set of countries. The set of countries is divided into two sections: 'Discretionary countries' and 'Rule based countries' I use the following regression specification: d(inflation)=c+ b1 d(inflation(-1)). My problem is: i wan...
- Wed Jun 27, 2012 7:00 am
- Forum: Econometric Discussions
- Topic: Finding a suitable alternative for OLS
- Replies: 5
- Views: 4419
Re: Finding a suitable alternative for OLS
Thank your for this insightful comment. My supervisor told me that d(inflation)=c+d(inflation-1) would not measure persistence, but i think, like you, that he's probably wrong on this part. If inflation at time t increased with 2 percent, and at time t+1 with 1.8 percent, then inflation finds it har...
- Wed Jun 27, 2012 6:38 am
- Forum: Econometric Discussions
- Topic: Finding a suitable alternative for OLS
- Replies: 5
- Views: 4419
Re: Finding a suitable alternative for OLS
Persistence in this case means that inflation is dependent on its past value.
so : inflation = c+b1inflation(-1)+et. If b1 turns out to have a high value, i say that inflation is very persistent.
Hope you can give me some more advice on the basis of this information
so : inflation = c+b1inflation(-1)+et. If b1 turns out to have a high value, i say that inflation is very persistent.
Hope you can give me some more advice on the basis of this information
- Tue Jun 26, 2012 1:06 am
- Forum: Econometric Discussions
- Topic: Finding a suitable alternative for OLS
- Replies: 5
- Views: 4419
Re: Finding a suitable alternative for OLS
20 views and no response yet, someone has to have an idea?
- Mon Jun 25, 2012 1:26 am
- Forum: Econometric Discussions
- Topic: Urgent help for Estimation
- Replies: 1
- Views: 2473
Re: Urgent help for Estimation
I'm no expert on this either, so take my advice lightly:
Would it make sense to take the first difference of all time series such that the common drift is gone?
You could also logarithmically transform the series.
Would it make sense to take the first difference of all time series such that the common drift is gone?
You could also logarithmically transform the series.
- Sun Jun 24, 2012 1:35 pm
- Forum: Econometric Discussions
- Topic: Finding a suitable alternative for OLS
- Replies: 5
- Views: 4419
Finding a suitable alternative for OLS
Dear forum participants. For my bachelor thesis i'm researching inflation persistence. I am currently struggling with finding a suitable model for the corresponding regression specification: inflation=c+inflation(-1). Since inflation is a non stationary process, OLS is unsuitable, unless i transform...