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For the econometric analysis of time series data, Microfit 5.0 is an unrivalled package. With its extensive choice of data analysis options, this program is a versatile aid to all those interested in the evaluation and design of advanced univariate and multivariate time series models. Microfit 5.0 is an interactive, menu-driven program with a host of facilities for estimating, hypothesis testing, forecasting, data processing, file management, and graphic display. These features make Microfit 5.0 one of the most powerful menu-driven time-series econometric packages currently available. The strength of the package lies in the fact it can be used at different levels of technical sophistication. For experienced users of econometric programs, it offers a variety of univariate and multivariate estimation methods and provides a large number of diagnostic and non-nested tests not readily available on other packages. The interaction of excellent graphics and estimation capabilities in Microfit allows important econometric research to be carried out in a matter of days rather than weeks.
How can researchers efficiently perform complex econometric analysis on time series data using a menu-driven software interface? The authors, Bahram Pesaran and M. Hashem Pesaran, developed this software package to bridge the gap between advanced statistical theory and practical application. The program provides a comprehensive framework for univariate and multivariate modeling, designed to facilitate rapid estimation, hypothesis testing, and forecasting for academic and professional researchers.
What You Will Find
Econometricians and academic researchers frequently utilize this package for its specialized diagnostic tests that are often absent in broader statistical software. Experts highlight the program's utility in accelerating the research cycle through its combination of estimation capabilities and visual data representation.
Page Count:
0
Publication Date:
2009-12-20
Publisher:
Oxford University Press, Incorporated
ISBN-10:
0199231060
ISBN-13:
9780199231065
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