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A Question about Forecasting

Posted: Mon May 27, 2013 4:11 am
by kinon902003
I have used my data from 1997 to 2012 to estimate the following structural model:

Yt = Beta1 + Beta2*Xt

If I want to forecast the value of Y in the next period (Yt+1), is there any function in EViews to do that?

I understand that I need to know the value of X in the period t+1 first. But does EViews have a build-in function to automatically forecast Xt+1 for me and then forecast Yt+1?

Thank you very much for your help in advance! Any suggestion is deeply appreciated.

Re: A Question about Forecasting

Posted: Mon May 27, 2013 6:46 am
by startz
EViews does not have a function to automatically forecast x_(t+1). Think of it this way, if EViews could automatically forecast X then it could also automatically forecast y, and you wouldn't have needed to build a model in the first place.

Re: A Question about Forecasting

Posted: Mon May 27, 2013 8:42 pm
by kinon902003
EViews does not have a function to automatically forecast x_(t+1). Think of it this way, if EViews could automatically forecast X then it could also automatically forecast y, and you wouldn't have needed to build a model in the first place.
Thank you for your reply. So I will try to build a model (probably time series model) to forecast X first, then use the value in the structural model to forecast y.