# Eviews 7 analysis

I need professional with econometrics knowledge for me to complete Eviews project, Eviews software needed

some description:

LRCONS = log of real consumption of households

LRGDP = log of real GDP

LRPRICE = log of the real Halifax housing price index

The time period is from 1983Q1 to 2006Q1 (93 observations).

The purpose of this exercise is to test whether the behaviour of the housing market

affects consumption of households.

(a) Use this data set and Eviews7 to:

Estimate the model LRCO_S t = &#945;1 + &#946;1 LRGDPt + &#946; 2 LRPRICE + ut

using ordinary least squares

(b) Statistical interpretation

Test that the model satisfies the assumptions of ordinary least squares of:

(i) no serial correlation of the residuals,

(ii) no heteroskedasticity

(iii) normality of the distribution of the residuals.

In each case state the null and alternative hypotheses and your conclusions. (20 marks)

(_ote: use the Breusch-Godfrey serial correlation LM test, the ARCH test and the

White Heteroskedasticity test with no cross terms. Choose 4 as the number of lags to

include when appropriate).

(c) Assuming that your model satisfies the basic assumptions:

(i)Test whether the coefficients &#946;1 and &#946;2 are, individually, significantly different from

zero at 5%. State the null and alternative hypotheses and your conclusions.

(ii) Test whether the coefficients &#946;1 and &#946; 2 are, jointly, significantly different from

zero at 5%.

State the null and alternative hypotheses and your conclusions.

(iii) Test whether the coefficient &#946;1 is statistically equal to one at 5%. State the null

and alternative hypotheses and your conclusions. Show all the steps you have followed to

[_ote: The critical value is 1.658]

(d) Model interpretation

(i) Briefly comment on your overall findings. Explain whether the information from your

answer to parts (b) and (c), above, suggests any weaknesses of the model and/or possible

ways it might be improved. Credit will be given for the actual implementation of

suggestions.

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Project ID: #1154190

## 4 freelancers are bidding on average \$206 for this job

raiseq

researcher will use eviews

\$175 USD in 3 days
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Hi,i have confidence to handle that. kindly check the details of my proposal on pmb. Thank you!!

\$200 USD in 3 days
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buddhikarc