EViews 7: The Best Software for Windows-Based Econometric Software - Free Trial Version
EViews 7 Free Download Full Version: A Guide for Econometricians
If you are an econometrician, a researcher, a student, or a professional who needs to perform statistical analysis and forecasting on economic data, you might have heard of EViews. EViews is a powerful software that offers access to various tools and features for econometric modeling and analysis. In this article, we will show you how to download EViews 7 for free, how to install and activate it, and how to use it for your econometric projects.
eviews 7 free download full version
What is EViews 7?
EViews 7 is the seventh version of the software that was released in 2009 by Quantitative Micro Software (now IHS EViews). It is an acronym for Econometric Views, which reflects its main purpose: to provide a user-friendly interface for viewing and analyzing economic data. EViews 7 can handle time series, cross-section, and panel data, as well as perform various operations such as estimation, testing, forecasting, simulation, optimization, and presentation. It also supports various data formats, such as Excel, SPSS, Stata, SAS, R, and more.
Features and benefits of EViews 7
Some of the features and benefits of EViews 7 are:
It has a graphical user interface (GUI) that allows you to work with data using menus, dialogs, icons, and commands.
It has an object-oriented approach that organizes data into different types of objects, such as workfiles, series, equations, graphs, tables, etc.
It has a programming language (EViews Command Language) that allows you to automate tasks, create custom procedures, and extend the functionality of the software.
It has a rich set of statistical and econometric methods, such as regression, ARIMA, VAR, GARCH, cointegration, panel data analysis, unit root tests, hypothesis tests, etc.
It has a flexible output system that allows you to customize the appearance and format of your results.
It has a built-in help system that provides comprehensive documentation and examples for each feature.
System requirements and compatibility of EViews 7
The minimum system requirements for running EViews 7 are:
Windows XP/Vista/7/8/10 (32-bit or 64-bit)
Pentium or better processor
256 MB of RAM
300 MB of free disk space
CD-ROM drive (for installation)
Internet connection (for updates)
EViews 7 is compatible with most versions of Windows operating systems. However, some users may encounter issues with newer versions of Windows or other software. For example:
EViews 7 may not run properly on Windows 10 due to compatibility issues. To fix this problem, you can try running EViews 7 in compatibility mode for Windows XP or Windows 7.
EViews 7 may not be able to read or write Excel files if you have newer versions of Excel installed on your computer. To fix this problem, you can try saving your Excel files as CSV files or using the ODBC driver to connect to Excel.
EViews 7 may not be able to access some online databases or web services if you have newer versions of Internet Explorer installed on your computer. To fix this problem, you can try changing the security settings of Internet Explorer or using another browser.
How to download EViews 7 for free?
If you want to download EViews 7 for free, you have several options. However, you should be aware that downloading EViews 7 for free may be illegal or unsafe. Therefore, we do not recommend or endorse any of these options. Use them at your own risk.
Download from official website
The official website of IHS EViews offers a free trial version of EViews 13 (the latest version) that you can download and use for up to 30 days. However, this trial version has some limitations compared to the full version. For example:
You cannot save your workfiles or other objects.
You cannot print or export your results.
You cannot access some advanced features or add-ins.
You cannot update or patch your software.
If you want to download the trial version of EViews 13 from the official website, you need to fill out a form with your personal information and agree to the terms and conditions. Then you will receive an email with a link to download the software.
Download from third-party websites
Some third-party websites offer free downloads of older versions of EViews software , such as EViews 7. However, these websites may not be authorized by IHS EViews or may contain malware or viruses that can harm your computer. Therefore,we strongly advise against downloading EViews software from any third-party websites.If you still want to download EViews software from third-party websites , you should scan the downloaded files with an antivirus program before opening them. You should also be careful about what information you provide or what permissions you grant when installing the software.
Download from torrent sites
Another option for downloading EViews software for free is to use torrent sites . Torrent sites are platforms that allow users to share files through peer-to-peer networks. However,this option is illegal and unethical, as it violates the intellectual property rights of IHS EViews and deprives them of their revenue. Moreover,this option is risky and dangerous, as torrent files may contain malware or viruses that can harm your computer or expose your personal information. Therefore,we strongly advise against downloading EViews software from any torrent sites.If you still want to download EViews software from torrent sites , you should use a VPN service to protect your identity and location. You should also scan the downloaded files with an antivirus program before opening them. You should also be careful about what information you provide or what permissions you grant when installing the software.
How to install and activate EViews 7?
If you have downloaded EViews 7 from a legitimate source (such as the official website), you can follow these steps to install and activate it:
Installation steps
Run the setup file (Eviews_Installer.exe) that you have downloaded.
Select your preferred language and click Next.
Read and accept the license agreement and click Next.
Select the destination folder where you want to install EViews 7 and click Next.
Select the components that you want to install (such as documentation) and click Next.
Select whether you want to create shortcuts on your desktop or start menu and click Next.
Click Install to begin the installation process.
Wait until the installation is completed and click Finish.
Activation steps
Launch EViews 7 from your desktop or start menu shortcut.
Select whether you want to activate online or offline.
If you choose online activation:
If you choose offline activation:
Enter your serial number and click Next.
Copy the machine ID that is displayed and click Next.
Go to the EViews activation website (https://www.eviews.com/activate/) on another computer that has internet access.
Enter your serial number and machine ID and click Submit.
Copy the activation key that is generated and click Finish.
Go back to your computer where EViews 7 is installed and enter the activation key and click Next.
Click Finish to complete the activation process.
Troubleshooting tips
If you encounter any problems during the installation or activation of EViews 7, you can try these tips:
Make sure you have administrator rights on your computer.
Make sure you have enough disk space and memory on your computer.
Make sure you have a stable internet connection (for online activation).
Make sure you have entered the correct serial number and activation key (case-sensitive).
Make sure you have disabled any firewall or antivirus software that may block the installation or activation process.
Contact EViews technical support (support@eviews.com) if you need further assistance.
How to use EViews 7 for econometric analysis?
Once you have installed and activated EViews 7, you can start using it for your econometric projects. Here are some basic steps to follow:
Basic concepts and commands of EViews 7
The first thing you need to do is to create a workfile, which is a container for your data and other objects. To create a workfile, you can either:
Click File / New / Workfile... and specify the type, frequency, range, and name of your workfile.
Click File / Open / Foreign Data as Workfile... and select a data file from your computer or online database.
Once you have created a workfile, you can add data to it by either:
Clicking Quick / Series Statistics / Generate Series... and entering an expression or formula to create a new series (a variable).
Clicking Quick / Import / Import from File... and selecting a data file from your computer or online database.
You can also edit, transform, or manipulate your data by either:
Double-clicking on a series name in the workfile window and using the spreadsheet view to edit the values.
Right-clicking on a series name in the workfile window and selecting an option from the menu, such as Descriptive Stats, Graph, Frequency Conversion, etc.
You can also perform various statistical and econometric methods by either:
Clicking Quick / Estimate Equation... and entering an equation specification to estimate a model (such as OLS, GLS, ARIMA, etc.).
Clicking Quick / Group Statistics / Common Sample Tests... and selecting a test option from the menu, such as Correlation, Granger Causality, Cointegration, etc.
You can also customize the output of your results by either:
Double-clicking on an equation or test name in the workfile window and using the output view to change the appearance or format of your results.
Right-clicking on an equation or test name in the workfile window and selecting an option from the menu, such as Forecast, Solve, Impulse Response, etc.
Examples of econometric models and tests in EViews 7
To illustrate how to use EViews 7 for econometric analysis, we will use some examples of common econometric models and tests. We will use a sample data set called "macro" that contains quarterly data on US macroeconomic variables from 1959Q1 to 2005Q4. You can download this data set from here.
The first example is a simple linear regression model that estimates the relationship between real GDP growth (y) and real consumption growth (c). To estimate this model in EViews 7, we can follow these steps:
Create a new workfile with quarterly frequency and range from 1959Q1 to 2005Q4.
Import the macro data set into the workfile.
Create two new series: y = log(gdp) - log(gdp(-1)) and c = log(cons) - log(cons(-1)). These are the growth rates of real GDP and real consumption.
Estimate the equation: y = c(1) + c(2)*c + e. This is the linear regression model with an intercept (c(1)) and a slope (c(2)).
View the output of the estimation. You should see something like this:EViews 7 Output Dependent Variable: Y Method: Least Squares Date: 05/25/23 Time: 16:36 Sample: 1959Q1 2005Q4 Included observations: 188 Variable Coefficient Std. Error t-Statistic Prob. C 0.008760 0.001525 5.744228 0.0000 C 0.569957 0.057975 9.829900 0.0000 R-squared 0.287867 Mean dependent var 0.008382 Adjusted R-squared 0.283612 S.D. dependent var 0.009657 S.E. of regression 0.007381 Akaike info criterion -6.988610 Sum squared resid 0.010122 Schwarz criterion -6.956104 Log likelihood 659.1158 Hannan-Quinn criter. -6.974722 F-statistic 96.59538 Durbin-Watson stat 2.001719 Prob(F-statistic) 0.000000 This output shows us the estimated coefficients, standard errors, t-statistics, p-values, R-squared, F-statistic, Durbin-Watson statistic, and other statistics of the model.
The second example is a unit root test that tests whether real GDP (gdp) has a stochastic trend or not. To perform this test in EViews 7, we can follow these steps:
Select gdp in the workfile window and right-click on it.
Select View / Unit Root Test... from the menu.
Select Augmented Dickey-Fuller from the Method drop-down list.
Select Automatic lag selection based on SIC from the Lag Length drop-down list.
Select Constant from the Trend Specification drop-down list.
Select Newey-West using Bartlett kernel from the HAC Covariance drop-down list.
Select Level from the Test regressors drop-down list.
Select Display t-statistic only from the Output drop-down list.
Select OK to run the test.
You should see something like this:EViews Output Augmented Dickey-Fuller test for GDP Null hypothesis: GDP has a unit root Exogenous: Constant Lag Length: Automatic - Based on SIC t-Statistic Prob.* Augmented Dickey-Fuller test statistic -1.948676 0.3078 Test critical values: 1% level -3.465620 5% level -2.877040 10% level -2.575032 *MacKinnon (1996) one-sided p-values. Warning: Probabilities may not be valid for this equation specification. Augmented Dickey-Fuller Test Equation Dependent Variable: D(GDP) Method: Least Squares Date: 05/25/23 Time: 16:40 Sample (adjusted): 1960Q1 2005Q4 Included observations: 184 after adjustments Variable Coefficient Std. Error t-Statistic Prob. GDP(-1) -0.005019 0.002576 -1.948676 0.0529 D(GDP(-1)) -0.035942 0.073688 -0.487880 0.6263 D(GDP(-2)) -0.075177 .073688 -1.020301 .3088 D(GDP(-3)) -0.055681 .073688 -.755711 .4508
View the output of the test. You should see something like this:EViews Output Augmented Dickey-Fuller test for GDP Null hypothesis: GDP has a unit root Exogenous: Constant Lag Length: Automatic - Based on SIC t-Statistic Prob.* Augmented Dickey-Fuller test statistic -1.948676 0.3078 Test critical values: 1% level -3.465620 5% level -2.877040 10% level -2.575032 *MacKinnon (1996) one-sided p-values. Warning: Probabilities may not be valid for this equation specification. Augmented Dickey-Fuller Test Equation Dependent Variable: D(GDP) Method: Least Squares Date: 05/25/23 Time: 16:40 Sample (adjusted): 1960Q1 2005Q4 Included observations: 184 after adjustments Variable Coefficient Std. Error t-Statistic Prob. GDP(-1) -0.005019 0.002576 -1.948676 0.0529 D(GDP(-1)) -0.035942 0.073688 -0.487880 0.6263 D(GDP(-2)) -0.075177 .073688 -1.020301 .3088 D(GDP(-3)) -0.055681 .073688 -.755711 .4508 C .009317 .001572 .592500 .5544 R-squared 0.034713 Mean dependent var 0.000000 Adjusted R-squared 0.016222 S.D. dependent var 0.009657 S.E. of regression 0.009573 Akaike info criterion -6.995687 Sum squared resid 0.015914 Schwarz criterion -6.922256 Log likelihood 647.3892 Hannan-Quinn criter. -6.965544 F-statistic 1.900224 Durbin-Watson stat 2.011286 Prob(F-statistic) 0.110312 This output shows us the test statistic, the p-value, the critical values, and the test equation of the unit root test.
The third example is a cointegration test that tests whether real GDP (gdp) and real consumption (cons) have a long-run equilibrium relationship or not. To perform this test in EViews 7, we can follow these steps:
Select gdp and cons in the workfile window and right-click on them.
Select View / Cointegration Test... from the menu.
Select Johansen from the Method drop-down list.
Select Automatic lag selection based on SIC from the Lag Length drop-down list.
Select Constant from the Trend Specification drop-down list.
Select Newey-West using Bartlett kernel from the HAC Covariance drop-down list.
Select Trace from the Test Type drop-down list.
Select Display eigenvalues only from the Output drop-down list.
Select OK to run the test.
View the output of the test. You should see something like this:EViews Output Johansen Cointegration Test for GDP CONS Null hypothesis: No cointegrating vectors exist Exogenous: Constant Lag Length: Automatic - Based on SIC Eigenvalue Trace Statistic Prob.* None .1327 .0000 At most 1 .0069 .5959 *MacKinnon-Haug-Michelis (1999) p-values. Johansen Cointegration Test Equation Dependent Variable: D(GDP CONS) Method: Least Squares Date: 05/25/23 Time: 16:44 Sample (adjusted): 1960Q1 2005Q4 Included observations: 184 after adjustments Variable Coefficient Std. Error t-Statistic Prob. D(GDP CONS(-1)) -.035942 .073688 -.487880 .6263 D(GDP CONS(-2)) -.075177 .073688 -1.020301 .3088 D(GDP CONS(-3)) -.055681 .073688 -.755711 .4508 C .009317 .001572 .592500 .5544 R-squared 0.034713 Mean dependent var 0.000000 Adjusted R-squared 0.016222 S.D. dependent var 0.009657 S.E. of regression 0.009573 Akaike info criterion -6.995687 Sum squared resid 0.015914 Schwarz criterion -6.922256 Log likelihood 647.3892 Hannan-Quinn criter. -6.965544 F-statistic 1.900224 Durbin-Watson stat 2.011286 Prob(F-statistic) 0.110312 This output shows us the eigenvalues, the trace statistics, the p-values, and the test equation of the cointegration test.
Tips and tricks for using EViews 7 efficiently
Here are some tips and tricks that can help you use EViews 7 more efficiently:
You can use keyboard shortcuts to perform common tasks faster, such as Ctrl+N for new workfile, Ctrl+O for open file, Ctrl+S for save file, Ctrl+Z for undo, Ctrl+Y for redo, etc.
You can use drag-and-drop to move or copy data or objects between workfiles or windows, such as dragging a series name from one workfile to another or dragging an equation name from a workfile to a graph window.
You can use copy-and-paste to transfer data or objects between EViews and other applications, such as copying a table from EViews to Excel or pasting a graph from EViews to Word.
You can use batch processing to run multiple commands or procedures at once, such as creating a text file with a list of commands and running it in EViews using File / Run Batch File... or using Quick / Batch Process...
You can use add-ins to extend the functionality of EViews with additional features or methods, such as downloading and installing add-ins from the EViews website or creating your own add-ins using EViews programming language.
Conclusion
In this article, we have shown you how to download EViews 7 for free, how to install and activate it,