MICROFIT 5.0 Windows Commercial Single User & Manual (Book & CD Pack)

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9780199581535: MICROFIT 5.0 Windows Commercial Single User & Manual (Book & CD Pack)
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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.

System Requirements

Microsoft Windows 2000, XP or Vista 1 GB RAM Minimum 45 MB free hard disk space Internet access for software activation Microsoft mouse or compatible (optional) A printer for producing hard copies of graphs and regression results (optional) Adobe Reader 6 or later required to access the help files.

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About the Author:


Bahram Pesaran is currently a Research Consultant at Wadhwani Asset Management. He has also worked as a Research Analyst at Tudor Investment Corporation, The Bank of England, The National Institute of Economics and Social Research and The Confederation of British Industry.
Hashem Pesaran is Professor of Economics at the University of Cambridge, John Elliott Chair at the University of Southern California, and a Professorial Fellow of Trinity College, Cambridge. Previously he was the head of the Economic Research Department of the Central Bank of Iran, and Professor of Economics at the University of California at Los Angeles. Dr Pesaran is the founding editor of the Journal of Applied Econometrics and has served as a Vice President at the Tudor Investment Corporation. He is a Fellow of the Econometric Society and a Fellow of British Academy

Review:

Microfit is a valuable tool among the relatively inexpensive econometric packages. In a single package it covers an extensive array of topics that any student or researcher might want to use. Version 5 comes with a better user interface. To my knowledge, it is the only software on VAR models that can carry out generalized impulse responses and Version 5 now includes confidence intervals of the impluse responses. The manual is extremely well written and contains a succinct guide to econometrics that would benefit students and other users. My research lab staff love the program as well as the manual. * Mohammed Dore, Professor of Economics, Brock University *

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