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#Eviews vs stata series#
Time series and estimation based disadvantage of E-viewsĮven though E-views package is useful for the time series analysis, it is not useful for conducting panel data analysis with long term data sets. Furthermore, E-views also support automatic bandwidth selection methods for the kernel estimators and the information criteria which are based upon lag length. Apart from this, there are pre whitened kernel and parametric VARHAC methods. E-views allows calculating symmetric or one-sided long-run variances using the nonparametric kernel. Such type of data is supported using the E-views package with a big size database.ĭatabase often requires a long run variance and covariance calculations within which the errors are distributed randomly and indicate a particular type of sequence. In addition to this, there is a multi-year, bimonthly, fortnight, ten day and daily frequency. Sometimes, the database requires high-frequency data which require hours and seconds frequencies. However, other applications like STATA and SPSS can only generate the missing values for the data.
#Eviews vs stata software#
Due to this, E-views software is useful for time series analysis. Feature based advantagesĮ-views offer features like an interpolation of data and frequency filter options through which the missing data can be generated. In contrast to this, follow the series of different steps and commands for every analysis. co-integration regression by specifying only the regression equation for the sample period.autoregressive conditional heteroscedasticity,.In SPSS and STATA the output files and the data files are saved separately. The data files in E-views can save the results in a single work file by storing the database in a group format or as individual databases. In addition to this, it can also import text, binary, HTML file, Gauss dataset file and more. However, E views can import data from multiple databases including SAS, SPSS and STATA specified in *. Data files from STATA can’t be imported in SPSS and vice versa. Importing data file into STATA and SPSS accepts a limited set of formats like *.xlsx and *.xlsm. Whereas, E-views allows to import the entire datasheet at a single click and doesn’t require any specification of the labels. SPSS requires to specify data labels and the numeric values needs to be assigned to each of the string variables. The advantages and disadvantages of the E-views are considered by comparing some of the commonly used statistical packages like STATA and SPSS. This article explains the comparative analysis of E-views advantages and disadvantages in the time series and panel data analysis. This package offers multi-window design features that allow automation and presentation features. It allows writing simple programs in E-views programming.
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It is used as a menu-driven object-oriented user interface. E-views is the statistical package widely used by economists, researchers and analysts for statistical analysis, forecasting and model simulations (Aljandali and Tatahi, 2018).