Fast, Easy, Flexible, and Reliable Time Series and Cross
Contents
1. 64 bit version Windows UNIX Linux ODBC SQL database support Census Bureau X12 seasonal adjust ment routine Support for FAME data files for Win dows and UNIX LINUX Support for CRSP and FRED databases Free Technical Support No Required Maintenance Fees Estima supplies expert technical support at no additional charge for as long as you own the software Most questions are answered within one day Users can also participate in web and email discussion forums with RATS users from around the world And your license to use RATS will never expire there are never any required maintenance or licensing fees to continue using the software Flexible Update Policies Minor updates are often made available as free downloads while more significant updates are offered at very reasonable prices typically no more than 10 to 15 of the original purchase price Updates are always optional For users who want to stay up to date automatically we also offer Update Subscription programs which make it easy to budget software purchases and provide you with all updates shipped to you on CD as soon as they are released Series Sample Start and End Leave Blank for Full Range _Differencing ARMA Components None 1 Autoregressive One Regular 1 L Two Regular 1 L 2 1 Moving Average One Seasonal 1 L s One Regular One Seasonal 0 Seasonal Autoregressive No Constant Zero Mean Estimated Co2. USI Database The US1 database is a subset of the USECON database containing approximately 750 of the most commonly used data series Distribution Details The data are supplied on CD both in RATS format and in Ha vers DLX Data Link Express format RATS users can access the RATS files directly using RATS or the RATSDATA utility program Customers with Version 5 or later of WinRATS can also read data directly from the DLX versions of the data files The CD also includes our menu driven RATSDATA data management software for custom ers who do not have RATS or Haver s DLX software The databases are offered as a one year subscription Commercial institutions will receive updates every month Academic institutions can choose monthly updates quarterly updates or just a single copy of the database the Annual subscription OECD Main Economic Indicators Database The OECD MEI database is available in Full and Seven Country versions The Full version includes data on more than 30 countries including Western Europe the U S Canada Japan Turkey Australia New Zealand Mexico Russia and the former Soviet republics The seven country version includes only the G7 countries The data for most countries include GDP and its major compo nents producer and consumer price indexes money stock and related measures major interest rates industrial production indexes unemployment rates exchange rate vs the dollar and t
3. 5 980 Simulate Critical Values Set Rank of Pi Restrictions on Each Beta vector Restrictions on Subsets of Beta Zero Restrictions on Beta Check Rank Conditions Change Restriction Formulation 1975 07 to 1998 12 28 1975 09 to 1998 12 24 258 DP1C DP2 B1 B2 PPP Restricted Constant 12 2 Test for Weak Exogeneity Test for Unit Vectors in Alpha Load Save Recursive Estimation Backwards Recursive Estimation B1 624 50 574 948 49 B2 243 942 600 786 937 910 263 626 313 661 PPP 35 726 562 433 698 023 150 716 330 980 429 990 233 011 728 Alpha 1 Alpha 2 Alpha 3 Alpha 4 Alpha 5 0 000 0 000 0 000 0 537 0 125 0 000 0 000 0 272 0 529 0 942 Descriptive statistics include residual correlation matrices the short run parameters and associated values estimates of the C matrix with asymptotic values in the common trends representation and the long run covariance matrix Structural tests including non identifying restrictions on 3 identifying restrictions on 3 and weak exogeneity hypotheses on q Supports recursive cointegration analysis with tests for the constancy of the eigenvalues stability of the estimated cointegration space and the estimated parameters and the adequacy of the predictions from the model The CATS package includes the CATS procedures on diskette a 200 page user s manual and sample data and program files
4. The cost of a single copy of CATS is 175 The price for full time students is 125 verification of student status is required Site license prices are also available CATS requires Version 6 2 or later of RATS and is available for Windows Macintosh UNIX and Linux Please contact us if you have any questions about CATS or RATS Also available The Cointegrated VAR Model Methodology and Applications by Katarina Juselius Written in conjunction with the development of CATS 2 0 this book provides a comprehensive look at both the theory and practice of cointegration analysis It is highly recommended for anyone using CATS Online Courses and Resources Over the past few years we have provided several popular online courses focused on particular topics in econometrics These courses are delivered via the discussion forum on our website and include PDF handbooks example programs and procedures specific to the course along with interactive discussions on the lessons and related topics Most courses last about two months although we continue to field questions from course participants indefinitely Upcoming Courses Panel and Grouped Data Our next web course will deal with Panel and Grouped Data and will run from January 26 to March 8 of 2012 This will be based largely on Baltagi s Econometrics of Panel Data 4th edition We added quite a few new capabilities to RATS Version 8 1 for handling panel and grouped data and th
5. Econometric Analysis of Cross Section and Panel Data 2nd Edition by Jeffrey Wooldridge Intended as a second semester graduate text this book examines the special problems that the econometrician must face in applying linear regression instrumental variables GMM and SUR estimators to cross section and panel data Also covers a wide range of non linear models probit logit censoring and sample selection count data and duration models This includes almost all techniques covered in Chapter 14 of the RATS Users Guide plus many more Databases US Economic Data from Haver Analytics In partnership with Haver Analytics we are pleased to provide our customers with high quality U S economic database services at very reasonable prices There are three packages from which to choose USECON Database USECON U S Economic Statistics is Haver s primary database of U S economic and financial data It includes approximately 12 000 series including national accounts prices housing construction industrial production interest rates money supply and much more USECON Plus USNA Databases Purchasers of the USECON database have the option of also subscrib ing to the USNA U S National Accounts database which offers an additional 20 000 series with complete national income and product accounts data from the Bureau of Economic Analysis These provide detailed information suchas monthly personal consumption expenditures and personal income
6. in greater detail any functions or instructions that might be unfamiliar The presentation is based largely on Gary Koop s Bayesian Econo metrics Koop 2003 Weve added to that in several areas with a chapter on vector autoregressions and examples from the literature for panel cross sectional data and state space models In most cases we ve included much of the statistical derivations from the book presented in a way to highlight the calculations as they are done with RATS so even those without the book can benefit State Space and DSGE Models The State Space part of this course which ran in September October 2009 is based largely on Durbin and Koopman s Time Series Analysis by State Space Methods book supplemented by mate rial from Harvey s Forecasting Structural Time Series Models and the Kalman Filter and from West and Harrison s Bayesian Forecasting and Dynamic Models Roughly two thirds of the course is devoted to State Space models with the remainder focusing on DSGE models We do recommend that anyone purchasing the course materials also have a copy of the Durbin and Koopman book which is available for purchase through Estima The example programs require version 7 0 or later of RATS Structural Breaks and Switching Models This course which ran from October 2010 through early 2011 deals with a range of topics including outlier detection intervention modeling in various models tests for structural break
7. models used by applied economists and on the compu tational techniques required for empirical work It includes many numerical examples and covers regression and time series mod els qualitative and censored data nonparametric methods and more Data sets and code examples are available via the web Analysis of Financial Time Series 2nd edition by Ruey Tsay Based on an MBA course taught by the author this covers a wide range of topics from Box Jenkins modeling through ARCH and its relatives duration models continuous time models value at risk calculations and multivariate time series and volatility analysis It includes RATS programs for ARCH non linear volatility models and duration models SCA is used for basic time series methods A Guide to Modern Econometrics 3rd Edition by Marno Verbeek Verbeek notes that modern software tools have made it relatively easy for researchers to apply the latest techniques without necessarily understanding them well enough to be aware of potential problems inherent in these techniques This book is designed to help fill the gap between introductory econometrics texts which tend not cover these techniques at all or only deal with idealized cases and more advanced texts which are often too advanced to be useful to many practitioners It aims to familiarize the reader with a wide range of topics in modern econometrics focusing on what is important for doing and understanding empirical work
8. 800 1 G7 Monthly Academic 1 280 I G7 Quarterly Academic 800 1 G7 Annual Academic 480 Textbooks Description Quant Price Tot Applied Econometric Time Series 135 _ by Walter Enders Econometrics Analysis of Panel Data 58 by Badi Baltagi Introductory Econom for Finance 58 RATS Handbook for I E for F 35 by Chris Brooks Intro to State Space Time Series 45 Commandeur and Koopman Time Series Analysis by State Space 90 Methods Durbin and Koopman Time Series Analysis by J Hamilton 80 The Cointegrated VAR Model 44 by Katarina Juselius Bayesian Econometrics 75 by Gary Koop Analysis of Financial Time Series l00 _ 3rd edition by Ruey Tsay A Guide to Modern Econometrics 58 by Marno Verbeek Econometric Analysis of Cross Section 75 amp Panel Data 2nd ed by Wooldridge
9. R Setup Estimate VAR Forecast Analyze 7 CATS Cointegration A INN 84 Single Equation Forecasts elenina iS Gates Newton fee mea 64 z Box Jenkins Estimation by LS Gauss Newton 44 irn Convergencein 3 Iterations Final criterion was 0 0000000 lt 00010C Dependent Variable SPREAD oal Quarterly Data From 1961 04 To 2008 01 E Usable Observations 186 o 1 1 Degrees of Freedom 178 9 968 19 9 7 Centered R 2 0 8248732 1980 1863 1966 1969 1972 19 K Barn 08179862 Uncentered R 2 0 9226102 Mean of Dependent Variable 1 3747320591 5 Std Error of Dependent Variable 1 2265941859 3 iterations Final criterion i Standard Error of Estimate 0 5233027517 Sum of Squared Residuals 48 744547045 Regression F 7 178 119 7724 z 186 Significance Level of F 0 0000000 178 Log Likelihood 139 3813 0 8248732 Durbin Watson Statistic 1 9946 0 8179862 Q 36 7 28 7150 0 9226102 Significance Level of Q 0 4799810 EAEE Variable Coeff Std i 1 2265941859 1 CONSTANT 1 389213608 0 25 0 5233027517 2 AR 1 1 176820330 0 07 48 744547045 3 AR 2 0 465765535 0 11 119 7724 4 AR 3 0 386060435 0 11 O0 o0000000 S AR 4 0 338622292 0 11 139 3813 6 AR 5 0 318757035 0 11 7 AR 6 0 379106197 0 11 _ o ADJ7 n 1ENANAGTO nn7 lt m The RATS v 8 interface Here the sequence of commands appear in one text window with the output directed to another window This makes it easy to save commands as a complete program which you can rerun later with
10. RATS 8 Fast Easy Flexible and Reliable Time Series and Cross Sectional Data Analysis RATS provides all the basics including linear and non linear least squares forecasting and ARIMA models but goes far beyond that with support for techniques like GMM ARCH and GARCH vector autoregressions VARs spectral analysis state space models and DSGEs and much more It can handle time series of virtually any frequency including daily and weekly as well as panel data and produces publication quality graphs for printing or importing directly into word processors Menu driven Wizards provide a point and click interface for many common tasks making RATS an ideal tool for new users and for educational settings Meanwhile the powerful command driven language at the heart of the program remains easy to learn and use for simple jobs while also allowing users to automate complex or repetitive tasks and even write sophisticated menu and dialog driven end user applications RATS is available for Windows Macintosh UNIX with complete compatibility across platforms K WinRATS Pro File Edit View Data Graphics Statistics Time Series GS f amp 0 fe AMH FF CAUsers tomm Documents Win AR 2 boxjenk constant ar 2 regcorrs dfc narma method burg title AR 1 2 7 boxjenk constant ar regcorrs dfc narma method burg title ARMA 1 1 boxjenk constant ar 1 regcorrs dfc narma me
11. a couple of mouse clicks Also visible are a report window showing the output from a Box Jenkins estimation a graph window and a look at the wizards on the Time Series menu For More Information or to Place an Order RATS is available directly from Estima and from resellers around the world We offer single user multi user and network licenses as well as several options for using RATS in instructional settings including discounts for full time students For more information please visit our web site at www estima com or contact us by phone fax mail or email Toll free 800 822 8038 General 847 864 8772 Fax 847 864 6221 Email sales estima com Estima 1560 Sherman Ave Suite 510 Evanston IL 60201 USA RATS Version 8 Features Statistical Methods Estimation Techniques g g g m Q nauau n m m nan g g g Multiple regressions including stepwise Regression with autoregressive errors Heteroscedasticity serial correlation correction including Newey West Non linear least squares Two stage least squares for linear non linear amp autocorrelated models Seemingly unrelated regressions and three stage least squares Non linear systems estimation Generalized Method of Moments Maximum likelihood estimation Constrained optimization Extensive built in hypothesis testing with procedures for a huge variety of unit root stability and other tests Limited and discrete dependent vari
12. able models logit probit censored truncated data Tobit count models Panel data support including fixed and random effects estimators Non parametric regressions Kernel density estimation Robust estimation Recursive least squares State space models including Kalman filtering and smoothing simulations and optimal control models DSGE models Neural network models Linear and quadratic programming Time Series Procedures g g naun m naun Fasy to specify lags and leads for time series model estimation and analysis ARIMA and ARMAX models including multiplicative seasonal models support for arbitrary lag structures Transfer function intervention models Error correction models Kalman filter Spectral analysis Forecasting Time series models Regression models Exponential smoothing Static or dynamic forecasts Simultaneous equation models unlim ited number of equations Simulations with random or user supplied shocks Forecast performance statistics includ ing Theil U statistics Vector Autoregressions VARs 0 0 0 m La ee Unmatched support for VAR models Error Correction models Structural VARs Choice of factoriza tions including estimation of a factor matrix from a covariance matrix model Impulse responses with Monte Carlo and Importance Sampling techniques for standard error bands Forecasting Variance decomposition Historical decomposition Extensive hy
13. basic time series course in econometrics and statistics typically at an advanced undergraduate level or graduate level Time Series Analysis by State Space Methods by Durbin and Koopman This is an excellent choice for RATS users interested in pursuing state space modelling techniques Many of the enhancements to the DLM instruction introduced in recent versions of RATS were developed in the process of writing RATS code for the examples in this book Time Series Analysis by James D Hamilton It s no accident that Hamilton s book is referenced extensively in our RATS manual and in many journal articles published since its release in 1994 A detailed treatment of modern time series analysis and econometrics suitable as a textbook for the student and as an advanced reference for practicing researchers The Cointegrated VAR Model Methodology amp Applications by Katarina Juselius This book is highly recommended for anyone using Version 2 of the CATS in RATS cointegration analysis software but it will be of interest to anyone interested in Vector Autoregression models and cointegration analysis The book was written in conjunction with the development of CATS 2 0 and provides a comprehensive look at both the theory and practice of cointegration analysis Bayesian Econometrics by Gary Koop Designed for both undergraduate and graduate level econometrics courses this book introduces the use of Bayesian methods with a focus on
14. dure CATS Cointegration Analysis of Time Series is a sophisticated set of If le tdt View Data Graphics RATS procedures which implement sus YyaRBA Statistics Time Series Window Help CATS I O o fie Rank Test Statistics fO the popular Johansen and Juselius A 3 2 CA CATS2 demo pppuip_ila prgfio cointegration analysis techniques cats lags 2 season 12 dettrend cimean 1975 07 199 Dpic Dp2 bl b2 ppp Version 2 0 was written by Jonathan Dennis Katarina Juselius Soren Johansen and Henrik Hansen of the University of Copenhagen and is MODEL SUMMARY Sample Effective Sample Obs No of variables System variables Constant Trend No of Centered Seasonals Lags in VAR distributed and supported by Estima CATS is almost entirely a menu and dialog driven procedure You use standard RATS instructions to define BETA transposed the frequency read in data and DEIC DP2 188 475 18 45 5 621 27 O 26 38 870 087 417 888 235 393 032 149 097 920 Beta 1 Beta 2 Beta 3 Beta 4 Beta 5 do any necessary transformations You then source in and execute the CATS procedures From there the rest of the analysis is done by ALPHA DDP1C 0 001 11 207 0 000 0 155 0 000 1 542 0 001 selecting operations from the CATS pull down menus and entering DDP2 information in pop up dialog boxes The Johansen Juseli roach
15. e Johansen Juselius approach to Line 54 Col50 Modified cointegration is based on the error correction form of a Gaussian vector autoregression In particular they analyze the decomposition of the matrix of error correction coef ficients II into 8 The I 1 procedure supports partial systems and makes it easy to specify weakly exogenous variables You can also include dummy variables or stationary dummy type variables To help you choose a model CATS provides eigenvalues and trace test statistics for reduced rank as well as 90 critical values if re quested and unrestricted estimates of a 3 and IT You can check the model by calculating multivariate test statistics for residual autocorrelation normality and ARCH Version 2 even provides an automated model selection routine Additional features include e Auxiliary procedures for multivariate tests of long run exclusion weak exogeneity and stationarity and for calculating eigenvalues and trace statistics for five different hypotheses e Ability to set and reset the rank of IT throughout the analysis and a variety of tests to help you determine the correct rank order Graphical analysis tools including plots of the vectors to check stationarity and of residuals to locate possible problems with the Gaussian assumption plus correlograms and autocor relograms I1 2 analysis not available for the specified model The unrestricted estimates 0 068 0 000
16. e RATS software forum available at www estima com forum provides a convenient venue for RATS users to discuss topics in econometrics share rats programs and procedures with other users and ask questions about using the software Participation is free for all licensed users of the software Econometrics Texts Applied Econometric Time Series 3rd edition by Walter Enders Applied Econometric Time Series now in its third edition provides a lucid introduction to and discussion of most of the key topics in modern time series econometrics including stationar ity and unit roots ARIMA models volatility ARCH GARCH models cointegration and more Geared towards Masters and PhD students in time series analysis or advanced econometrics courses as well as professionals wishing to learn more about time series techniques Econometric Analysis of Panel Data 4th Edition by Badi Baltagi Badi Baltagi s Econometric Analysis of Panel Data is one of the leading textbooks for postgraduate courses in panel data The 4th edition features recent developments in the field and covers recent empirical examples from the literature It also examines dynamic panel data models non linear panel models and limited dependent variables panel data models Introductory Econometrics for Finance 2nd Edition RATS Handbook for Intro Econ for Finance by Chris Brooks Introductory Econometrics for Financeis aimed at teaching introductory econometrics to fi
17. he general stock market index For larger countries you will also find data on orders shipments and inventory stocks plus greater disaggregation on the price and industrial production indexes Many of the monthly series are available in both seasonally adjusted and unadjusted forms You can purchase a single copy of the OECD database or you can purchase quarterly or monthly subscriptions The data are sup plied on CD in our convenient RATS data file format with one file per country You can read the data directly into RATS or use the included RATSDATA utility program to view print or graph data or export data into text files Excel spreadsheets and other formats Academic institutions qualify for discounted pricing as noted in the price table at right Database Products Haver Analytics J USECON Monthly 4 000 J USECON plus NA Monthly 5 000 LJ USI Monthly 1 200 J USECON Monthly Academic 3 000 L USECON Quarterly Academic 1 500 _J USECON Annual Academic 1 000 L USECON NA Monthly Academic 3 750 1 USECON NA Quarterly Academic 2 000 LL USECON NA Annual Academic 1 500 I USI Monthly Academic 900 M1 USI Quarterly Academic 750 TM USI Annual Academic 500 OECD MEI T Full Monthly 2 100 MO Full Quarterly 1 500 I Full Annual 1 000 d G7 Monthly 1 600 QO G7 Quarterly 1 000 I G7 Annual 600 I Full Monthly Academic 1 680 I Full Quarterly Academic 1 200 OM Full Annual Academic
18. is course will go over them carefully Among the topics will be organizing data handling balanced vs unbalanced or generally grouped data panel data transformations fixed and random effects issues with dynamic models lagged dependent variables and panel VAR s unit roots and cointegration and fixed and random effects in non linear models like probits Materials From Previous Courses The following sets of course materials developed from our web based are now available on CD or by email for 50 per course Each package includes the PDF handbook containing the lecture materials as well as all of the example programs data sets and RATS procedures used in the course Please see www estima com courses shtml for information on any current courses or to order any of these materials via our website Bayesian Econometrics The course wookbork is based upon the content of the RATS e course on Bayesian Econometrics offered in April May 2009 It covers most of the most important methods now used in Bayesian analysis in econometrics including Gibbs sampling Metropolis Hastings and importance sampling The applications are to a broad range of topics include time series cross section and panel data It assumes that the user is comfortable with such basic instructions as COMPUTE DISPLAY GRAPH SCATTER and LINREG and can use simple programming techniques such as DO loops In each chapter there is a Tips and Tricks section which covers
19. nance majors It assumes no prior knowledge of econometrics and covers important modern topics suchas time series forecasting volatility modelling switching models and simulation methods The book includes numerous examples and case studies making it particularly accessible for non specialists The second edition contains new chapters on limited dependent variables and panel methods as well as new case studies from the finance literature Supporting materials are available on the web Brooks RATS Handbook written to complement Introductory Econometrics for Finance provides a comprehensive introduction to the use of RATS for modelling in finance and beyond It includes numerous worked examples with carefully annotated code Detailed explanations of the outputs are also presented giving read ers the knowledge and confidence to use the software for their own research and to interpret their own results An Introduction to State Space Time Series Analysis by Commandeur and Koopman This text offers a step by step approach to the analysis of the salient features in time series such as the trend seasonal and irregular components Practical problems such as forecasting and missing values are treated in some detail This useful book will appeal to practitioners and researchers who use time series on a daily basis in areas such as the social sciences quantitative history biology and medicine It also serves as an accompanying textbook for a
20. nstant 0 Seasonal Moving Average Remove Mean Estimation Options Conditional Least Squares Left Box for Consecutive Lags 1 to number Right Box for Specific Lags separate by blanks Residuals To Define Equation ARMA11eqn ARMA11resids Other Inputs Transfer Intervention Form Series s T b lt lt Add lt lt GS Regression Form Apply Differences to These GLS Options Maximum Likelihood Clear Settings OK Cancel The Box Jenkins ARIMA Wizard provides an easy way to estimate ARIMA and ARMAX models including models with transfer function or intervention terms 1 50 1 25 4 1 00 0 75 5 0 50 ARCH6 EGARCH11 GARCH11 A sample time series graph Here we ve used the graphics style sheet feature in RATS to select thicker lines in shades of gray to represent the three series Because the series cross each other so frequently the dash patterns that are the standard for black and white lines wouldn t look as good We ve used another option to place a key at the bottom of the graph 1770 1780 1790 1800 1810 1820 1830 1840 1850 1860 Supported Platforms RATS for Windows WinRATS runs on Windows 2000 XP Vista and Windows 7 Pro versions includes 64 bit version Requires a Pentium or better processor a hard drive with at least 90Mb free and a CD Rom drive RATS for Macintosh MacRATS i
21. ntour graphs Copy and paste graphs into other ap plications Export graphs to many formats including PostScript and Windows Metafile User can customize attributes such as line thickness colors and grayscale levels and fill patterns Interface Interactive Mode Environment 0 0 g Text editor based Point and click wizards for many tasks greatly enhancing ease of use Saved programs can be re run with just a few mouse clicks Designed so that you can reproduce results output and graphs easily and accurately a critical but often over looked requirement for producing reliable publication quality results True multiple window support Simul taneously view your input commands and output spreadsheet style report windows graphs and more Programmability g Extensive looping capabilities and sup port for applying operations to lists of variables make it possible to automate many repetitive tasks You can write procedures which can perform complex tasks with a single instruction and write your own call able functions O A library of procedures written by RATS users from around the world is available free of charge on our web site O A variety of interface related instruc tions allow you to create your own drop down menus custom dialog boxes and more RATS Professional The Professional versions of RATS add the following features not found in the Standard version g g 0
22. pothesis testing tools CATS 2 0 add on provides industry leading cointegration analysis ARCH and GARCH Models g g g g Univariate and multivariate including BEKK diagonal CC DCC and VECH multivariate models Support for GARCH in mean models Additional exogenous variables in mean and or variance equations Normal and GED distributions Exponential and Asymmetric models Robust standard errors Working With Data Data Entry g g Menu driven Data Wizards for reading in data Reads and writes Excel files text files EViews Stata and other formats Pro version supports SQL ODBC On screen data viewer and editor with point and click graphing and statistics tools Can handle virtually any data frequen cy including daily weekly intra day and panel data Can automatically convert data to dif ferent frequencies RATS data file format is fast and easy supports all frequencies and allows you to store series of different frequencies on the same file Data Transformations g g g Flexible transformations with algebraic formulas Easy to create trend series seasonal and time period dummies Extensive filtering operations includ ing Hodrick Prescott Henderson Spencer and custom filters Supports regular seasonal and frac tional differencing Graphics g Twa uu m High quality time series graphics High resolution X Y scatter plots Dual scale graphs Co
23. s a Universal application and runs on any Intel or PowerPC based Mac running OS X 10 4 or later It requires a hard drive with at least 90Mb free and a CD Rom drive RATS for UNIX and Linux RATS is available for almost all UNIX and Linux systems and now includes the same interactive mode environment previously available only for Windows and Macintosh The Linux and UNIX versions require a hard drive with at least 90Mb free and a CD Rom drive The Motif X11 windowing li braries are required for interactive mode use The UNIX version requires that you have a C compiler to compile the source code Pricing Prices for single user licenses are shown below We also offer multi user licenses discounts on additional single user licenses and several pricing options for classroom and educational settings Please contact Estima for details on any of these Product Price WinRATS 500 WinRATS Professional 650 MacRATS 500 MacRATS Professional 650 Linux RATS executable 600 UNIX Linux RATS with source 700 UNIX Linux RATS Pro 850 Update Subscription Prices For single user licenses an Update Sub scription provides the user with all updates through and including Version 8 shipped on CD automatically Product for Subscription Price WinRATS MacRATS 150 WinRATS Pro MacRATS Pro 175 Linux RATS executable 175 UNIX Linux RATS with source 200 UNIX Linux RATS Pro 225 CATS 2 0 Cointegration Analysis Proce
24. s and threshold effects estimation of threshold and smooth transition models and endogenous Markov switching models It covers both maximum likelihood and Bayesian estimation techniques VAR Models The course covers identifying and estimating VAR models com puting impulse responses and variance decompositions historical decomposition and counterfactual simulations structural and semi structural VARs and sign restrictions The course was originally presented in October November 2009 The Vector Autoregression VAR was introduced to the econom ics literature in the famous paper Macroeconomics and Reality Sims 1980b Since then it and its close relatives have become the standard for analyzing multiple time series Even when more com plicated and tightly parameterized models are used it s the stylized facts gleaned from VAR analysis that they are expected to explain In this course we examine techniques that use flat priors that is the techniques designed to elicit information from the data without the use of informative Bayesian priors Strongly informative priors such as the so called Minnesota prior are widely used for building forecasting models but they tend to improve forecasts by shutting down much of the cross variable interaction The techniques we examine are designed primarily to analyze precisely that type of interaction The RATS Forum In addition to hosting the online courses described above th
25. thod burg title 4 TF nonamed0 tet o Box Jenkins Estimat Convergence in Dependent Variable SPREAD Quarterly Data From 1961 04 To 2008 01 Usable Observations Degrees of Freedom Centered R 2 R Bar 2 Uncentered R 2 Mean of Dependent Variable Std Error of Dependent Variable Standard Error of Estimate Sum of Squared Residuals Regression F 7 178 Significance Level of F Log Likelihood 4 Major Improvements Since Version 7 0 Include Revised and expanded manuals with all new Introduction Much faster computation speeds Complex estimation pro grams may run up to two times faster than before Significant extensions to state space and DSGE capabilities O Reads data from Excel 2007 Stata Matlab Eviews O Census Bureau X12 ARIMA seasonal adjustment Pro version Enhanced reporting features for viewing saving and export ing results Can now export in TeX format O More point and click Wizards O Dozens of new built in functions Graphics Now generates box plots More control over graph labeling window titles background color Expanded View menu amp toolbar icons for quick data analysis New options for initial conditions on non linear estimation fone Autocort Cross Correlations S T 8 Unit Root Tests oe jl ss ARCH GARCH 1 10 year Bond Rates 167 Box Jenkins ARIMA Models 44 Exponential Smoothing PEN VA
Download Pdf Manuals
Related Search