EViews 6.0 Standard
Forecasting and Simulation
In EViews, you need not concern yourself with the complexities of making forecasts. You can concentrate on the substance of the forecasting problem. For single equation models, just select a menu item and EViews will compute a static or dynamic forecast with optional forecast standard errors and a graph of the 95 percent forecast confidence. Successful forecasting equations can be saved in your workfile or stored in an EViews database.
Simultaneous Equation Solution and Simulation
The model object, which is used for simultaneous equation simulation and solution, provides the features most commonly requested by model builders.
Variable dependencies and the block structure of the model’s equations are displayed with a simple mouse click. Reference equations by name and the model is updated automatically whenever the equation is re-estimated. You can even use the model to manage multiple solution scenarios for comparing simulation results under various sets of assumptions.
The EViews model object makes it easy to perform non-stochastic or stochastic simulation using either Gauss-Seidel or Newton solvers. Built-in views and procedures display simulation results in graphical or tabular form. Forward solution (currently unavailable with stochastic solution) allows you to solve for model consistent expectations. EViews provides sophisticated add factor support, including equation normalisation. You can even solve simple control problems where the values for an exogenous control variable are found so that an endogenous variable achieves a user specified target.