EViews 9 SV, forecast evaluation, and forecast averaging

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sunnyeviews
Posts: 6
Joined: Wed Oct 21, 2015 11:32 am

EViews 9 SV, forecast evaluation, and forecast averaging

Postby sunnyeviews » Wed Dec 02, 2015 12:25 pm

Does EViews 9 SV (or only EViews 9?) compute RMSE (Root Mean Squared Error), MAE (Mean Absolute Error), MAPE (Mean Absolute Percentage Error), Theil Inequality Coefficient, the Combination Test, or Forecast Encompassing Test (Chong and Hendry, 1986; Timmermann, 2006) for evaluating whether averages of forecasts perform better than the individual forecasts, and

in the field of forecast averaging
simple mean, least squares, mean square error, mean square error ranks, smoothed AIC, approximate Bayesian model averaging trimmed mean and simple median methods?
Last edited by sunnyeviews on Wed Dec 02, 2015 12:36 pm, edited 1 time in total.

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

Re: EViews 9 SV, forecast evaluation, and forecast averaging

Postby EViews Gareth » Wed Dec 02, 2015 12:34 pm

Both the full version and the Student Version can compute RMSE, MAE, MAPE, Theil, Combination tests.

Both the full version and the Student Version can compute simple mean, least squares, mean square error, mean square error ranks, smoothed AIC, approximate Bayesian model averaging trimmed mean and simple median averaging methods

sunnyeviews
Posts: 6
Joined: Wed Oct 21, 2015 11:32 am

Re: EViews 9 SV, forecast evaluation, and forecast averaging

Postby sunnyeviews » Wed Dec 02, 2015 12:58 pm

Thank you very much for the prompt reply, that is great news!

There is something that I am not doing correctly.

1. I have brought the data of 7 different economic forecasts from excel to eviews.
2. I have chosen "quick", "Estimate equation", and in the "equation specification" I have been writing: log(real) c log(sp) log(vm) log(etla) log(pt) log(ptt) log(op) log(tapiola)
3. When after that I select "View", I do not find "Forecast evaluation" anywhere even though I should, why not? If I choose "Forecast" then I see "Forecast evaluation" but it does not bring me to option where I can choose RMSE, MAE, MAPE, Theil, Combination tests, simple mean, least squares, mean square error, mean square error ranks, smoothed AIC, approximate Bayesian model averaging trimmed mean or simple median averaging methods. Why not?

EViews Gareth
Fe ddaethom, fe welon, fe amcangyfrifon
Posts: 13604
Joined: Tue Sep 16, 2008 5:38 pm

Re: EViews 9 SV, forecast evaluation, and forecast averaging

Postby EViews Gareth » Wed Dec 02, 2015 1:38 pm

They are available from a series, not an equation


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