Query

[Irishlad]

When I am using procedures from estima i am unable to use the code during my analysis. Even when I begin the code with SOURCE ECHO i am still unable to do this. Also is there a procedure created to do a Choleski decomposition and vector moving average on a var model?
Would welcome any help regarding these problems

[TomDoan]

You would have to show us what you're trying to do with the procedures.

The IMPULSES.RPF example (RATS version 8 User's Guide, example 7.3) does the impulse response function for Choleski factor.

[Irishlad]

Code: Select all

OPEN DATA "F:\thesisdata2.xls"
CALENDAR(M) 1995
ALL 2011:12
DATA(FORMAT=XLS,ORG=COLUMNS) 1995:01 2011:12 BANKBASERATE INFLATION OUTPUTGAP TEDSPREAD

SYSTEM(MODEL=VAR1)
VARIABLES BANKBASERATE INFLATION OUTPUTGAP TEDSPREAD
LAGS 1 TO 4
DET Constant
END(SYSTEM)
ESTIMATE

SOURCE VARLAGSELECT.SRC
@ VARLAGSELECT(LAGS=10, CRIT=AIC)
# BANKBASERATE INFLATION OUTPUTGAP TEDSPREAD



This is the code I have been using. the problem occurs when I try to run the varlagselect procedure it comes back as a basic error

[TomDoan]

Get rid of space between @ and VARLAGSELECT.

[Irishlad]

that didn't work. It still gives basic error in the output window.
Once i press the space bar after .src it comes up. when i carry on down the code it says,"don't error report report" and RATS shuts off

[TomDoan]

Are you getting:

## SX9. REPORT is not a Basic Data Type

That's what you would get if you are running a RATS 7.0 or earlier on a version of VARLAGSELECT written for more recent software.

[Irishlad]

ya that is the problem. is there procedures still available for this version of rats? In particular I need coding for the lag length and to do monte carlo simulation to be able to obtain confidence bands?

Your help is much appreciated

[moderator]

I believe your university has version 8. Email us at

support@estima.com

with your contact details and we can see if we can sort out getting you the correct version.

But, generally speaking, assuming that you are using one of the version 7 releases, you should be able to use the version of VARLAGSELECT.SRC that came with your software, rather than downloading the latest version from the website.

Regards,
Tom Maycock