ARDL forecasting of inflation in eviews 9

[rapti]

I have taken multivariate inflation model for forecasting using ARDL model.
first, I test the unit root test
2. then select all variables( inflation, Money supply, Industrial prodn, oil price) >open as VAR> VAR type> vector error correction
3. estimate equation> ARDL
4. WALD test and t-test(bound test)
5. if it shows there is level relationship, then forecast using this ARDL model
6. if it shows there is no level relationship, then forecast using VECM model
Am I going to the right path away??