I study the consumption of Electricity in series(1998-2016) as shown in attachment, when I used BOX and Jen technique, this series fitted as ARIMA(0,1,0), which mean that is a unit root or random walk series. I have two questions
1- how to forecast the next years (2017-2035) using E views 7 in step by step.
2- if fit ARIMAX model for this series where there are 5 regression dummy variable (x1 - x5) with values("0" mean no effect and" 1 "means there is an effect ), that represent the effect of changing prices, such that
x1 corresponding to 2005 effect (0,1)
x2 corresponding to 2006 effect (0,1)
x3 corresponding to 2007 effect (0,1)
x4 corresponding to 2009 effect (0,1)
x5 corresponding to 2010 effect (0,1)
how can i conduct the estimation and forecasting this series considering those dummy variable using Eviews 7.
For technical questions regarding estimation of single equations, systems, VARs, Factor analysis and State Space Models in EViews. General econometric questions and advice should go in the Econometric Discussions forum.
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