For technical support, tips and tricks, suggestions, or any other information regarding the EViews model object.
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Hi, dear colleagues and experts! Would you be so kind as to clarify in which situations should I use MODEL object instead SYSTEM? The problem is I am trying to build model of my country's economy, which consists of several equations (for monetary, fiscal, real, and external sectors) and identities (national accounts' identity, budget restrictions, etc) and I use MODEL object. However, my advisor insists on using SYSTEM object. I need to understand when it is appropriate to use MODEL. As far as I understand, the difference is that SYSTEM object estimates equations simultaneously, while MODEL object gets already estimated equations and tries to solve this system as if it were a system of linear equations. So, could you please suggest me how to distinguish situations when it is right to use MODEL object instead SYSTEM, and vice versa? Thanks a lot!
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