I also really just think that, except for the students looking to go into academia, the overall benefit of learning STATA or EViews is close to zero. TL DR: I think the marginal benefit for students of learning some R is much higher than the marginal benefit of being able to teach a little more econometrics while using STATA or EViews. Plus, since R can be downloaded for free, they may even choose to learn more about R prior to entering the job market. It's also just closer to a more "traditional" programming language like Python, so it would be easier for them to pick up Python after learning R than after learning STATA. While you could argue that it's better to use STATA or EViews for an Econometrics class since they're easier to learn and you can therefore focus more on teaching then econometrics rather than programming, I think it makes the major more valuable overall to students if you teach them some R due to the fact that R is somewhat common in industry (unlike STATA or EViews). Since most undergraduate Economics majors will not go into academia, I definitely think teaching them R is the way to go. One I can't find now but will post if I can find it and another here: which doesn't even have EViews as having enough share to be considered as a choice. I will say there a few blogs on the topic of usage and popularity of statistical software/languages. I have never used it beyond that course and none of my friends and colleagues in the business world use it (or probably have even heard of it). That being said, may be EViews is a good choice for this.
It is in OUR best interest to not have unemployed econ majors.
#How to use eviews 10 to run a regression software
And I also agree the aim of an econometric course should be econometrics.īUT if you are requiring them to learn/use a new software already you have an obligation to choose a software that will be most beneficial to the students in their employment search, considering access, learning costs, financial costs. I definitely agree most students don't use econometrics in their jobs. That's why I suggest not overthinking it.
The real point is that once you learn one language, and understand the logic of what you are trying to do, the skills are transferable. I have spent too much time watching people create complex and undecipherable spreadsheets.
#How to use eviews 10 to run a regression series
I tested STATA and thought that Eviews was a better time series vehicle, but maybe that's me. These may not be popular in academia but are widely used in business. Also, you need it if you want to do traditional Klein-style models. I now use Eviews in a business context and it is perfectly satisfactory. I'm late in my career as a business economist (with a Ph.D.) and have had to learn the following languages:īasic/Fortran (not for econometrics but a great building block)ĪPL (used a European econometrics package from the 1970s called EPL written in this)ĪREMOS (a proprietary package from Wharton Econometric Forecasting Associates)
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