Testing significance of results- please help!

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naetpenn
Posts: 7
Joined: Sat Feb 06, 2010 9:52 am

Testing significance of results- please help!

Postby naetpenn » Thu Mar 11, 2010 11:54 pm

Hello,

I am writing my senior econometrics thesis, and have a problem.

I want to test whether 7 values that I forecasted for credit spreads of a bank is SIGNIFICANTLY different from the actual credit spreads that were observed. Is there a way I can test for this significance? I was wondering if a t-test would suffice.

To reiterate:
12/1 forecast 1
12/2 forecast 2
....
12/7 forecast 7

OBSERVED Values:
12/1 observation 1
12/2 observation 2
....
12/7 observation 7

How can I test whether the difference (residuals) between the forecasted and observed are significant? Can I do such a test in eviews?

Thanks so much in advance.

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