Deposit Modeling in EViews
Posted: Thu Feb 22, 2024 3:42 am
Hello: I'm a novice modeler and EViews user.
I've been tasked with creating a model to forecast changes in deposit balances within the banking industry as a function of changes in macro variables. A prior version of this model used OLS estimation and forecasted changes in deposit balances as a function of changes in the M2 Money Supply. I believe this specification can be improved by exploring other estimation techniques and including additional variables. I'd like to consider a Vector Error Correction (VECM) model, an Autoregressive Distributed Lag (ARDL) model, and an Autoregressive Integrated Moving Average (ARIMA) model.
- Are these appropriate, given my objective?
- Are these techniques available in EViews? (I believe so)
- Would you recommend any other approaches?
Thank you!
I've been tasked with creating a model to forecast changes in deposit balances within the banking industry as a function of changes in macro variables. A prior version of this model used OLS estimation and forecasted changes in deposit balances as a function of changes in the M2 Money Supply. I believe this specification can be improved by exploring other estimation techniques and including additional variables. I'd like to consider a Vector Error Correction (VECM) model, an Autoregressive Distributed Lag (ARDL) model, and an Autoregressive Integrated Moving Average (ARIMA) model.
- Are these appropriate, given my objective?
- Are these techniques available in EViews? (I believe so)
- Would you recommend any other approaches?
Thank you!