The RATS Software Forum

Hello,
I have been trying to estimate a large-scale BVAR comprising of 120 quarterly series. However, I keep on getting the following error message:
## I1. Expected Instruction - V65 Is Not Recognizable As One
>>>> v65 <<<<

Would really appreciate some help. I am attaching both the data and the code that I am using. In case other parts of the code require modification as well, please do make the appropriate changes as well.

Thanks
Rangan

Your input lines are way too long. Break them into more manageable pieces with something like:
$ is the continuation character. If you leave it off and just break a line, RATS assumes that the next line is the start of a new instruction, hence your message. RATS will also break the line itself once it gets too long (500+ characters).

Note also that that's far too many variables to sensibly handle with the amount of data that you have.

Thanks a lot, will give it a go. I will use the monthly version of this data set.

Regards
Rangan