Can you help me interpret this part of the Eviews code:
The variable looks like this
Log(X(-)/10000+(X=0))
I was able to understand that X(-) is the lag of length one for X but not the second part where we equate x=0 under parenthesis.
Interpreting variable code
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EViews Gareth
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Re: Interpreting variable code
(X=0) is just a binary (or dummy) variable. It returns a value of 1 whenever X is equal to 0, and 0 otherwise.
Re: Interpreting variable code
Thanks Gareth!!(X=0) is just a binary (or dummy) variable. It returns a value of 1 whenever X is equal to 0, and 0 otherwise.
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