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Eviews stands for Econometric views. It is defined as a statistical tool that is mainly used for analyzing and evaluating economic data. It provides solutions for decision making and forecasting problems.
It is a dynamic tool that can be used for many econometric and statistical analyses like forecasting, panel data analysis, cross-section analysis, and time-series estimation.
It is widely used for econometric analysis, which is oriented by time series. Eviews software is available for both Windows and Mac operating.
The following are some of the main advantages of EViews software that make it a common econometric analysis tool:
The access of tools is used to improve the statistical programming skill. Some accessibility of Eviews is:
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It is the ability to analyze the production, distribution, and consumption of goods and services.
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It is a programming language and statistical software that is used to save data. It follows a database format.
It examines the relationship between one dependent and one independent variable.
It is an amount of association between two variables. The variables are not designated as dependent or independent.
It is the process of making estimates of the future based on past and present data and, most commonly, by analysis of trends.
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