What's new in EViews 7

EViews 7 features a wide range of exciting changes and improvements. The following is an overview of the most important new features in Version 7.

Performance

  • Optimized routines for faster computation.
  • Multi-processor/core support with custom user settings.

EViews Interface

  • "Theme" support lets you customize the appearance of your EViews windows.
  • Enhanced drag-and-drop support throughout the program.
  • Improved command entry interface with enhanced command editing and recall, and undocking of the command window.
  • Improved graph options interface.
  • Updated global options interface.
  • Auto-update from the web ensures that your copy of EViews 7 is always up-to-date.

Data Handling

  • New workfile data frequencies: high-frequency (Intraday) data, with full support for hours, minutes, and seconds frequencies, multi-year, bimonthly, fortnight, 10-day, and daily with an arbitrary range of days of the week.
  • Greatly enhanced support for strings, including new string and string vector objects, an extensive library of new functions for creating and manipulating string lists, and improved programming support.
  • EViews now offers direct support for connecting to, opening, querying, and importing from the FRED® (Federal Reserve Economic Data) database.
  • Support for reading Excel 2007 XLSX Files.
  • Improved data import featuring more powerful command line tools for reading foreign data into an existing workfile.

Graphs

  • New "live" graphs auto-update as the underlying data change.
  • Improved graph options interface.
  • Interactive observation info display lets you inspect labels and values associated with point on a graph.
  • Improved control over formatting of dates in the observation scale/axis.
  • More flexible custom observation labels for the observation scale/axis.
  • Added control over date label positioning and two row labeling.
  • Enhanced control over date/observation axis grid line placement.

Programming Support

  • User-defined dialog functions allow you to create dialogs to interact with users.
  • Programs now support message logging.
  • Program file editor supports quick multi-line commenting.
  • Greatly enhanced support for strings, including new string and string vector objects, an extensive library of new functions for creating and manipulating string lists, and improved programming support.
  • Enhanced support for text objects.
  • New object data members.
  • New general information functions.

External Interfaces

  • The new EViews Microsoft Excel Add-in offers a simple interface for reading data stored in EViews workfiles and databases from within Microsoft Excel.
  • External programs may use the new EViews OLEDB driver to read data stored in EViews workfiles (WF1) and EViews databases (EDB).
  • You may use the EViews COM automation server by creating scripts or programs that launch or control EViews, transfer data, and execute EViews commands.
  • EViews COM Automation Client Support for MATLAB and R allows you to use EViews to interact with the powerful programming languages of MATLAB and R.

Econometrics and Statistics

Computation

  • Interpolation tools (Linear, Log-linear, Catmul-Rom Spline, Cardinal Spline) are now offered as a series procedure.
  • Whitening is now offered as a series or group procedure.
  • Long-run variances and covariances may now be calculated from a series or group of series.
  • Variance ratio testing for a random walk or martingale in a series.
  • Single equation tests for cointegration are provided for a group of series or for an equation estimated using cointegrating regression.

Estimation

  • Greatly improved single equation Instrumental Variables/Two-Stage Least Squares and GMM estimation (with new support for LIML and K-class estimation).
  • Bult-in support for specification and eatimation of single equation cointegrating regression.
  • Support for specification and estimation of Generalized Linear Models.
  • New methods of specifying weights for weighted least squares.

Diagnostics

  • Expanded choice of coefficient covariance estimators for single equation regression models.
  • Enhanced post-estimation diagnostics for single equation regression models.
  • New test and diagnostic views for TSLS and GMM equations.