An ARDL Add-in for EViews

My posts on ARDL models and bounds testing (here and here) have certainly been popular. So, I was really pleased to see that Yashar Tarverdi has produced an "Add-In" for the EViews package that makes this type of econometric analysis somewhat easier.

You can download the the add-in program and its installer here. The add-in is called "ARDLbound", and it largely automates the key steps associated with bounds testing using an ARDL model.

Jim Hamilton on R-Squared and Economic Prediction

I always tell my students that, when it comes to regression results, the value of the coefficient of determination (R²), is pretty much the last thing that I look at. And I'm serious! I've blogged about this before (see here, for example), but it's worth reiterating, and I was reminded of this when I saw Jim Hamilton's post on this topic today.

Read it, and enjoy!

© 2014, David E. Giles