How to Estimate / apply and Interpret ARDL using Eviews
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- Опубликовано: 21 авг 2024
- In this tutorial i will show you how to estimate/ apply ARDL and how to interpret it....
Below are the some of the pre-requisite conditions which must satisfy before applying ardl.
1. non of the variable should be stationary at second difference.
2. some of the variable can be stationary at first difference and some can be at level.
3. if all the variable are stationary at first difference then we can still use ardl.
4. if all the variable are stationary at level then we can still use ardl.
Please watch the video,like the video and subscribe to my channel....
Thank you . Video lecture was very helpful.
Thank you the explanation. I want to be clear wether we can use ARDL when all the variables are either stationary at level or are stationary at first difference.
No
Thank you for the great video!
Thanks for this explanation. Please i would like to know what it means to use unrestricted constant and unrestricted trend (case 5) and how to interpret having the constant and trend in the short run ECM but not having it in the long run. Also, after i am done running the long run and ECM tests, which of them do i run my post diagnostic tests on. Thanks in anticipation.
Everything is clearly explained! Thank you very much sir for your great job.
would you please see this?
While conducting the ARDL model with four variables in Eviews, all the variables are non-stationary at level, but at the first difference, i.e., I(1), two variables, including the dependent variable, are stationary without taking their log, but two other independent variables are with log only. Should I need to use a log for all the variables in this situation?
Thanks you it's really helpful. Just I would like to know what data we will use at level or first difference?
Thanks for the explanation. Please it would help if you could explain the @expand section. When I put dummy variable in fixed regressors without @expand it works but with @expand it doesn't work. Is @expand for dummies mandatory?
I need video about difference GMM and Sys GMM since you explain in very simple way.
Noted
Thank you for your informative tutorial.
I think while running the ARDL model (for short-run relation) we must run the equation with the first difference rather than level data.
Please correct me if I am wrong.
I saw that in many research papers but really I am very confused due to many researchers. Some are using level data while some are using differenced data. Can you please ellaborate. It would be so kind of you. Thank you.
Great video and very helpful!! I have one question: Why im given coefficients for my dependent variable (GDPN in the examples shown) and how do i interpret them?
Very well explained.
A great video! Thank you. I have just one question: The bounds test conducted shows that variables are co-integrated i.e. they converge towards long run equilibrium. Is there any error correction term (ECT) in ARDL models like in VEC models? And if yes where can we find it in Eviews?
Thank you so much Mr, thank you
Thank you so much 😊
Please, how to interpret the coefficients of the lagged explanatory variables. For exp GS(-1), GS(-2), GS(-") etc ?
I also want to know the same thing..plzz help me
very clear, you deserve more subscribers
Thanks
Thank you so much sir!!
Hi, thank you for the explanation,
I have a question, is it the same if i am using ols approach in estimating ardl model?
Yes
@@econacademy16 thankyou for the answer sir, but may i have another question, how to exactly choose the lag of dependent and regressor variable? I am recently trying different lags, as long as it is free from serial correlation and heteroskedasticity, and found out there is 2 option of lags that match with my preference, then how to choose between them? Is it the maximum or minimum one?
Sir, when applying the ARDL model, do we need to run the data with log(logarithm) or without log?
it depends on the kind of data you have. if you are working with current value data, you will be in need to transform it into a logarithm, or if not you won't be in need.
thanks
@@charlesgodlovelamah9326 what if the data has values less than 1 such as 0.5. It becomes as a negative number when doing logarithm. I have been wanting to know about this. thank you.
@@mosh71 In my opinion if the used value data contains negative sign you won’t be able to transform it because there is not logarithm of negative value, so in that case you will use the semi-logarithm.
Having a negative sign after the transformation doesn’t matter, so you can keep doing your analysis. Thanks
if the f test in inconclusive what then?
Thank you so much sir
when i am going to apply ardl it shows asn error called (singular matrixs) ?
fix it please.
Increase number of observations or reduce number of lags
Hello, I like your video, did you use raw data or rates? Another question I have is, when series being non-stationary at level but stationary at 1 difference, do I have to transform all data into 1 difference and run model after that or the stationarity test is just informative so I could run model with the data (raw or rates).. thanks much
Stationary test is just for information
@@econacademy16 thank you, can I use ARDL also when having different units of measurement in variables,? f.e. echange rates, inflation and GDP(in dollars),
@@johnny7110 Hello thanks for the video and i have the same question please let me know if you found answer. can i use different unit?
Thanks sir for this valuable lecture.
Please tell while applying ARDL model in panel data, other features of optimal regression equation like high r square and adjusted r square, Durbin-Watson value (near two), significance of Prob(F-statistic
), no serial correlation, No hetroscedasticity and normality of residuals is to be ensured or not need to be checked??
Regards
No need to be checked
sir after we got to know there is cointegration we need to run ecm. can u pls explain that also. how can i run ecm with dummy variable
Have a worry if at levels all variables are non stationary and in 1st differencing 2 variables are non stationary and also 2 variables are stationary can I use ARDL model? In addition I tested 2nd differencing it all came out stationary how then can I process my analysis?🙁
In this case you can not use ardl.. Check cointegration and read papers on var, vecm and ecm. It will help you
how to interpret the coefficients of the lagged explanatory variables in short ru
Thank you. How do I incorporate the dummy variable in the ARDL? When I do as advised in the video I get a near singular matrix error.I will appreciate help
You will include the dummy in the list fixed effect regressors
how can i get ardl model on staata
IF T=10 (years) and N= 350 companies, could I use ARDL?
Hello bro, I am from Perú. Do the steps you are following also apply to an ARD model? You think I can contact you, I am doing a research work and I have doubts.
Econacademy16@gmail.com
You can contact me on econacademy16@gmail.com
@@econacademy16
I sent you a message
hello, how could i find Variable's Data about more than period of 20 year e.g (ROE,CAR,FDI )? kindly guide me the link to find out data according to my region is (paksitan)
thank you
THANK S
GDPN is gdp growth? so D(Log(GDP))?
How to estimate cointegrating equation?
How to estimate granger causality?
Teach me how to ADRL !
Hello Dr. Wali, nice informative video. I have some questions regarding ARDL eviews. If you can provide me your email address. It will be much easier for me to ask through email. Thank you.
Econacademy16@gmail.com