Equation view ommitted-variable-test: mistake in the reporting

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mamo
Posts: 82
Joined: Wed Nov 07, 2012 9:11 am

Equation view ommitted-variable-test: mistake in the reporting

Postby mamo » Thu Aug 31, 2017 5:19 am

Dear Eviews team,

I use Eviews 9.5 Dec 2016 built.

There is a mistake in the reporting of the equation view for the omitted variable test.

Let X be the variable to be tested for omission. The report view would say:
Null hypothesis: X are jointly significant

But it should be:
Null hypothesis: X are not jointly significant


(Note: the corresponding line in the view for the redundant-variable-test is correct)

See example program below.

Best, mamo

Code: Select all

wfcreate a 2000 2016
series x1= nrnd
series x2= nrnd
series y=2+0.5*x1-2*x2+nrnd
equation eq1.ls y c x1
equation eq2.ls y c x1 x2
2nd line in the following view of the omitted variable test is wrong
eq1.testadd x2
'2nd line in the following view of the redundant variable test is ok
eq2.testdrop x2

EViews Glenn
EViews Developer
Posts: 2555
Joined: Wed Oct 15, 2008 9:17 am

Re: Equation view ommitted-variable-test: mistake in the reporting

Postby EViews Glenn » Tue Sep 05, 2017 10:53 am

Thanks. Sorry about the inconvenience.


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