"Equation does not have estimates"

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JASON
Posts: 10
Joined: Mon Jun 15, 2015 3:24 pm

"Equation does not have estimates"

Postby JASON » Wed Jun 17, 2015 8:01 am

Hi, I am using Version 8. My question has to do with the fact I got the following statement from EViews work file, as shown below. Any tips to fix the problem? Please adise.
Kind regards,
Jason
-----------------------------------------------------------------------------------------------------------
Equation does not have estimates

Estimation Command:
=========================
LS LOG(RATEOPPRV_AUT) C LOG(RPCETOTTO_AUT) LOG(YPCOM_AUT) @TREND

Estimation Equation:
=========================
LOG(RATEOPPRV_AUT) = C(1) + C(2)*LOG(RPCETOTTO_AUT) + C(3)*LOG(YPCOM_AUT) + C(4)*@TREND

EViews Gareth
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Posts: 13604
Joined: Tue Sep 16, 2008 5:38 pm

Re: "Equation does not have estimates"

Postby EViews Gareth » Wed Jun 17, 2015 8:17 am

What happens if you hit the estimate button?

JASON
Posts: 10
Joined: Mon Jun 15, 2015 3:24 pm

Re: "Equation does not have estimates"

Postby JASON » Wed Jun 17, 2015 11:25 am

I would get "insufficient number of observations" error message. When I check the history data file, (this indicator being a ratio of two indicators) there are no missing values. However, in the work file, the derived ratio only contains one observation.

EViews Gareth
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Posts: 13604
Joined: Tue Sep 16, 2008 5:38 pm

Re: "Equation does not have estimates"

Postby EViews Gareth » Wed Jun 17, 2015 11:27 am

With only one observation, the equation cannot estimate (hence the error message).


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