Home

brochure

1. Export graphs to many formats including PostScript and Windows Metafile O User can customize attributes such as line thickness colors and grayscale levels and fill patterns Interface Interactive Mode Environment g g g Text editor based Point and click wizards for many tasks greatly enhancing ease of use Saved programs can be re run with just a few mouse clicks Designed so that you can reproduce results output and graphs easily and accurately a critical but often over looked requirement for producing reliable publication quality results True multiple window support Simul taneously view your input commands and output spreadsheet style report windows graphs and more Programmability o o g g Extensive looping capabilities and sup port for applying operations to lists of variables make it possible to automate many repetitive tasks You can write procedures which can perform complex tasks with a single instruction and write your own call able functions A library of procedures written by RATS users from around the world is available free of charge on our web site A variety of interface related instruc tions allow you to create your own drop down menus custom dialog boxes and more RATS Professional The Professional versions of RATS add the following features not found in the Standard version g g g 64 bit version Windows UNIX Linux ODBC SQL dat
2. 1 Autoregressive 1 Moving Average 0 gt Seasonal Autoregressive 0 Seasonal Moving Average Left Box for Consecutive Lags 1 to number Right Box for Specific Lags separate by blanks l Clear Settings Cancel J Residuals To Define Equation Other Inputs ARMA1Iresids Transfer Intervention Form Series s Regression Form Apply Differences to These ble lt lt add lt lt gt gt Remove gt gt GLS Options The Box Jenkins ARIMA Wizard provides an easy way to estimate ARIMA and ARMAX models including models with transfer function or intervention terms 1 50 1 25 4 1 00 4 0 75 ARCH6 EGARCH11 GARCH11 A sample time series graph Here we ve used the graphics style sheet feature in RATS to select thicker lines in shades of gray to represent the three series Because the series cross each other so frequently the dash patterns that are the standard for black and white lines wouldn t look as good We ve used another option to place a key at the bottom of the graph Lek ee BD RRA ree et eee ee alee a eee eS LAA AP APP oR nS RE EE aT T i 1770 1780 1790 1800 1810 1820 1830 1840 1850 1860 Supported Platforms RATS for Windows WinRATS runs on Windows 2000 XP Vista and Windows 7 Pro versions includes 64 bit version Requires a Pentium or better processor a hard drive with at least 90M
3. 47320591 1 2265941859 0 5233027517 48 744547045 119 7724 0 0000000 139 3813 1 9946 28 7150 0 4799810 Coeff 1 389213608 1 176820330 0 465765535 0 386060435 0 338622292 0 318757035 0 379106197 A ienanao7o 00010 RATS is available for Windows Macintosh UNIX with complete compatibility across platforms the Time Series menu Major Improvements Since Version 7 0 Include For More Information or to Place an Order The RATS v 8 interface Here the sequence of commands appear in one text window with the output directed to another window This makes it easy to save commands as a complete program which you can rerun later with a couple of mouse clicks Also visible are a report window showing the output from a Box Jenkins estimation a graph window and a look at the wizards on Oddau uU Q More point and click Wizards Q Dozens of new built in functions Revised and expanded manuals with all new Introduction Much faster computation speeds Complex estimation pro grams may run up to two times faster than before Significant extensions to state space and DSGE capabilities Reads data from Excel 2007 Stata Matlab Eviews Census Bureau X12 ARIMA seasonal adjustment Pro version Enhanced reporting features for viewing saving and export ing results Can now export in TeX format Graphics Now generates box plots More control over graph labeling window tit
4. Linux RATS Pro 225 CATS 2 0 Cointegration Analysis Procedure CATS Cointegration Analysis of CATS Cointegration Analysis of ee ime Series Is a sop MS UEAN set o File Edit View Data Graphics Statistics TimeSeries Window Help CATS 12 Graphics Automated Tests Misc l RATS procedures which implement Isus H BA fO I O F lo fa PenkTest Statistics the popular Johansen and Juselius Simulate Critical Values 7 s 17 CACATS2 demo pppuip_ila prg io o cointegration analysis techniques So fankot Et z cats lags 2 season 12 dettrend cimean 1975 07 199 a on Each Beis ede Dpic Dp2 bl b2 ppp ta Version 2 0 was written by Jonathan pS SEHESE 7 F p Zero Restrictions on Bet Dennis Katarina Juselius Soren MODEL SUMMARY seein h d Henrik H fth Sample 1975 07 to 1998 12 24 Check Rank Conditions Johansen an enri ansen of the Effective Sample 1975 09 to 1998 12 28 Change Restriction Formulation i 1 1 Obs No of variables 258 niversi z U we sity of Copenhagen and 5 System variables DP1C DP2 B1 B2 PPP Test for Weak Exogeneity distributed and supported by Estima Constant Trend Restricted Constant Test for Unit Vectors in Alpha No of Centered Seasonals 12 Lags in VAR 2 Load CATS is almost entirely a menu and DE Save di l I 2 analysis not available for the specified model ialog driven procedure You use Ay d d RATS d fi The unrestricted estimates Shas standar instructions to denne BETA transp
5. RATS 8 Fast Easy Flexible and Reliable Time Series and Cross Sectional Data Analysis RATS provides all the basics including linear and non linear least squares forecasting and ARIMA models but goes far beyond that with support for techniques like GMM ARCH and GARCH vector autoregressions VARs spectral analysis state space models and DSGEs and much more r K WinRATS Pro It can handle time series of virtually d y 3 aes fhe fe Le mI any frequency including daily and ZF C Users tomm Documents Win 3 T B weekly as well as panel data and RETER boxjenk constant ar 2 regcorrs dfc narma method burg title produces publication quality graphs for printing or importing directly into AR 1 2 7 box jenk constant ar regcorrs dfc narma method burg title word processors Menu driven Wizards provide a awaa boxjenk constant ar 1 regcorrs dfc narma method burg title point and click interface for many common tasks making RATS an ideal tool for new users and for File Edit View Data Graphics Statistics Time Series Window Help Autocorrelations Cross Correlations Unit Root Tests ARCH GARCH Box Jenkins ARIMA Models Exponential Smoothing VAR Setup Estimate VAR Forecast Analyze CATS Cointegration Single Equation Forecasts Lean a 10 year Bond Rates es Jenkins LS Gauss Newton Z noname00 txt o educati
6. abase support Census Bureau X12 seasonal adjust ment routine Support for FAME data files for Win dows and UNIX LINUX Support for CRSP and FRED databases Free Technical Support No Required Maintenance Fees Estima supplies expert technical support at no additional charge for as long as you own the software Most questions are answered within one day Users can also participate in web and email discussion forums with RATS users from around the world And your license to use RATS will never expire there are never any required maintenance or licensing fees to continue using the software Flexible Update Policies Minor updates are often made available as free downloads while more significant updates are offered at very reasonable prices typically no more than 10 to 15 of the original purchase price Update For users who want to stay up to date automatically we also offer Update Subscription programs which make it easy to budget software purchases and provide you with all updates shipped to you on CD Box Jenkins s are always optional as soon as they are released Series SPREAD gt r Differencing None One Regular 1 L Two Regular 1 L 2 One Seasonal 1 L s One Regular One Seasonal No Constant Zero Mean Estimated Constant Remove Mean Estimation Options Conditional Least Squares Maximum Likelihood Sample Start and End Leave Blank for Full Range ARMA Components
7. b free and a CD Rom drive RATS for Macintosh MacRATS is a Universal application and runs on any Intel or PowerPC based Mac running OS X 10 4 or later It requires a hard drive with at least 90Mb free and a CD Rom drive RATS for UNIX and Linux RATS is available for almost all UNIX and Linux systems and now includes the same interactive mode environment previously available only for Windows and Macintosh The Linux and UNIX versions require a hard drive with at least 90Mb free and a CD Rom drive The Motif X11 windowing li braries are required for interactive mode use The UNIX version requires that you have a C compiler to compile the source code Pricing Prices for single user licenses are shown below We also offer multi user licenses discounts on additional single user licenses and several pricing options for classroom and educational settings Please contact Estima for details on any of these Product Price WinRATS 500 WinRATS Professional 650 MacRATS 500 MacRATS Professional 650 Linux RATS executable 600 UNIX Linux RATS with source 700 UNIX Linux RATS Pro 850 Update Subscription Prices For single user licenses an Update Sub scription provides the user with all updates through and including Version 8 shipped on CD automatically Product for Subscription Price WinRATS MacRATS 150 WinRATS Pro MacRATS Pro 175 Linux RATS executable 175 UNIX Linux RATS with source 200 UNIX
8. dels Panel data support including fixed and random effects estimators Non parametric regressions Kernel density estimation Robust estimation Recursive least squares State space models including Kalman filtering and smoothing simulations and optimal control models DSGE models Neural network models Linear and quadratic programming Time Series Procedures g g g g g g Q g g g g Q Easy to specify lags and leads for time series model estimation and analysis ARIMA and ARMAX models including multiplicative seasonal models support for arbitrary lag structures Transfer function intervention models Error correction models Kalman filter Spectral analysis Forecasting Time series models Regression models Exponential smoothing Static or dynamic forecasts Simultaneous equation models unlim ited number of equations Simulations with random or user supplied shocks Forecast performance statistics includ ing Theil U statistics Vector Autoregressions VARs g g g Q auauua Unmatched support for VAR models Error Correction models Structural VARs Choice of factoriza tions including estimation of a factor matrix from a covariance matrix model Impulse responses with Monte Carlo and Importance Sampling techniques for standard error bands Forecasting Variance decomposition Historical decomposition Extensive hypothesis testing tools CATS 2 0 add on provides ind
9. es of a 3 and II You can check the model by calculating multivariate test statistics for residual autocorrelation normality and ARCH Version 2 even provides an automated model selection routine Additional features include e Auxiliary procedures for multivariate tests of long run exclusion weak exogeneity and stationarity and for calculating eigenvalues and trace statistics for five different hypotheses e Ability to set and reset the rank of IT throughout the analysis and a variety of tests to help you determine the correct rank order Graphical analysis tools including plots of the vectors to check stationarity and of residuals to locate possible problems with the Gaussian assumption plus correlograms and autocor relograms Descriptive statistics include residual correlation matrices the short run parameters and associated values estimates of the C matrix with asymptotic f values in the common trends representation and the long run covariance matrix Structural tests including non identifying restrictions on 3 identifying restrictions on 8 and weak exogeneity hypotheses ona Supports recursive cointegration analysis with tests for the constancy of the eigenvalues stability of the estimated cointegration space and the estimated parameters and the adequacy of the predictions from the model The CATS package includes the CATS procedures on diskette a 200 page user s manual and sample data and p
10. les background color Expanded View menu amp toolbar icons for quick data analysis New options for initial conditions on non linear estimation RATS is available directly from Estima and from resellers around the world We offer single user multi user and network licenses as well as several options for using RATS in instructional settings including discounts for full time students For more information please visit our web site at www estima com or contact us by phone fax mail or email Toll free 800 822 8038 General 847 864 8772 Fax 847 864 622 Email sales estima com Estima 1560 Sherman Ave Suite 510 Evanston IL 60201 USA RATS Version 8 Features Statistical Methods Estimation Techniques g g g Q Q aaan Q Q aaun g g g Multiple regressions including stepwise Regression with autoregressive errors Heteroscedasticity serial correlation correction including Newey West Non linear least squares Two stage least squares for linear non linear amp autocorrelated models Seemingly unrelated regressions and three stage least squares Non linear systems estimation Generalized Method of Moments Maximum likelihood estimation Constrained optimization Extensive built in hypothesis testing with procedures for a huge variety of unit root stability and other tests Limited and discrete dependent vari able models logit probit censored truncated data Tobit count mo
11. on which covers in greater detail any functions or instructions that might be unfamiliar The presentation is based largely on Gary Koop s Bayesian Econo metrics Koop 2003 Weve added to that in several areas with a chapter on vector autoregressions and examples from the literature for panel cross sectional data and state space models In most cases we ve included much of the statistical derivations from the book presented in a way to highlight the calculations as they are done with RATS so even those without the book can benefit State Space and DSGE Models The State Space part of this course which ran in September October 2009 is based largely on Durbin and Koopman s Time Series Analysis by State Space Methods book supplemented by mate rial from Harvey s Forecasting Structural Time Series Models and the Kalman Filter and from West and Harrison s Bayesian Forecasting and Dynamic Models Roughly two thirds of the course is devoted to State Space models with the remainder focusing on DSGE models We do recommend that anyone purchasing the course materials also have a copy of the Durbin and Koopman book which is available for purchase through Estima The example programs require version 7 0 or later of RATS Structural Breaks and Switching Models This course which ran from October 2010 through early 2011 deals with a range of topics including outlier detection intervention modeling in various models tests fo
12. onal settings Box Jenkins Estimat T T T T 63 196 1969 1972 197 Convergence in Meanwhile the powerful command Dependent Variable SPREAD Usable Observations Degrees of Freedom Centered R 2 R Bar 2 Uncentered R 2 Mean of Dependent Variable driven language at the heart of the program remains easy to learn and use for simple jobs while also Standard Error of Estimate Sum of Squared Residuals Regression F 7 178 Significance Level of F Log Likelihood allowing users to automate complex or repetitive tasks and even write sophisticated menu and dialog driven 4 3 Iterations Final criterion Quarterly Data From 1961 04 To 2008 01 Std Error of Dependent Variable 186 178 0 8248732 0 8179862 0 9226102 1 3747320591 1 2265941859 0 5233027517 48 744547045 119 7724 0 0000000 139 3813 end user applications Box Jenkins Estimation by LS Gauss Newton Convergence in 3 Iterations Final criterion was Dependent Variable SPREAD Quarterly Data From 1961 04 To 2008 01 Usable Observations Degrees of Freedom Centered R 2 R Bar 2 Uncentered R 2 Mean of Dependent Variable Std Error of Dependent Variable Standard Error of Estimate Sum of Squared Residuals Regression F 7 178 Significance Level of F Log Likelihood Durbin Watson Statistic Q 36 7 Significance Level of Q Variable oN DUS WNE Baba 0 0000000 lt 186 178 0 8248732 0 8179862 0 9226102 1 37
13. osed Backwards Recursive Estimation DP2 B1 B2 PPP CONSTANT the frequency read in data and Beta 1 621 870 188 393 624 429 243 942 35 726 1 387 do any necessary transformations Beta 2 27 087 475 032 50 990 600 786 562 433 1 029 os Beta 3 0 417 18 149 574 233 937 910 698 023 0 296 You then source in and execute Beta 4 26 888 45 097 948 011 263 626 150 716 2 414 the CATS procedures From there Beta 5 38 235 5 920 49 728 313 861 330 980 4 131 the rest of the analysis is done by ALPHA j Alpha 1 Alpha 2 Alpha 3 Alpha 4 Alpha 5 selecting operations from the CATS DDPic 0 001 0 000 0 000 0 000 0 000 Il d d i 11 207 1 542 0 068 0 537 0 125 pull aown menus and entering DDP2 0 000 0 001 0 000 0 000 0 000 information in pop up dialog boxes S0 ASS 5x280 202272 0523 0342 lt The Johansen Juselius approach to J J PP Line 54 Col 50 Modified cointegration is based on the error correction form of a Gaussian vector autoregression In particular they analyze the decomposition of the matrix of error correction coef ficients II into ap The I 1 procedure supports partial systems and makes it easy to specify weakly exogenous variables You can also include dummy variables or stationary dummy type variables To help you choose a model CATS provides eigenvalues and trace test statistics for reduced rank as well as 90 critical values if re quested and unrestricted estimat
14. ped data and this course will go over them carefully Among the topics will be organizing data handling balanced vs unbalanced or generally grouped data panel data transformations fixed and random effects issues with dynamic models lagged dependent variables and panel VAR s unit roots and cointegration and fixed and random effects in non linear models like probits Materials From Previous Courses The following sets of course materials developed from our web based are now available on CD or by email for 50 per course Each package includes the PDF handbook containing the lecture materials as well as all of the example programs data sets and RATS procedures used in the course Please see www estima com courses shtml for information on any current courses or to order any of these materials via our website Bayesian Econometrics The course wookbork is based upon the content of the RATS e course on Bayesian Econometrics offered in April May 2009 It covers most of the most important methods now used in Bayesian analysis in econometrics including Gibbs sampling Metropolis Hastings and importance sampling The applications are to a broad range of topics include time series cross section and panel data It assumes that the user is comfortable with such basic instructions as COMPUTE DISPLAY GRAPH SCATTER and LINREG and can use simple programming techniques such as DO loops In each chapter there is a Tips and Tricks secti
15. r structural breaks and threshold effects estimation of threshold and smooth transition models and endogenous Markov switching models It covers both maximum likelihood and Bayesian estimation techniques VAR Models The course covers identifying and estimating VAR models com puting impulse responses and variance decompositions historical decomposition and counterfactual simulations structural and semi structural VARs and sign restrictions The course was originally presented in October November 2009 The Vector Autoregression VAR was introduced to the econom ics literature in the famous paper Macroeconomics and Reality Sims 1980b Since then it and its close relatives have become the standard for analyzing multiple time series Even when more com plicated and tightly parameterized models are used it s the stylized facts gleaned from VAR analysis that they are expected to explain In this course we examine techniques that use flat priors that is the techniques designed to elicit information from the data without the use of informative Bayesian priors Strongly informative priors such as the so called Minnesota prior are widely used for building forecasting models but they tend to improve forecasts by shutting down much of the cross variable interaction The techniques we examine are designed primarily to analyze precisely that type of interaction The RATS Forum In addition to hosting the online courses de
16. rogram files The cost of a single copy of CATS is 175 The price for full time students is 125 verification of student status is required Site license prices are also available CATS requires Version 6 2 or later of RATS and is available for Windows Macintosh UNIX and Linux Please contact us if you have any questions about CATS or RATS Also available The Cointegrated VAR Model Methodology and Applications by Katarina Juselius Written in conjunction with the development of CATS 2 0 this book provides a comprehensive look at both the theory and practice of cointegration analysis It is highly recommended for anyone using CATS Online Courses and Resources Over the past few years we have provided several popular online courses focused on particular topics in econometrics These courses are delivered via the discussion forum on our website and include PDF handbooks example programs and procedures specific to the course along with interactive discussions on the lessons and related topics Most courses last about two months although we continue to field questions from course participants indefinitely Upcoming Courses Panel and Grouped Data Our next web course will deal with Panel and Grouped Data and will run from January 26 to March 8 of 2012 This will be based largely on Baltagi s Econometrics of Panel Data 4th edition We added quite a few new capabilities to RATS Version 8 1 for handling panel and grou
17. scribed above the RATS software forum available at www estima com forum provides a convenient venue for RATS users to discuss topics in econometrics share rats programs and procedures with other users and ask questions about using the software Participation is free for all licensed users of the software
18. ustry leading cointegration analysis ARCH and GARCH Models g g g g Univariate and multivariate including BEKK diagonal CC DCC and VECH multivariate models Support for GARCH in mean models Additional exogenous variables in mean and or variance equations Normal and GED distributions Exponential and Asymmetric models Robust standard errors Working With Data Data Entry g g Menu driven Data Wizards for reading in data Reads and writes Excel files text files EViews Stata and other formats Pro version supports SQL ODBC On screen data viewer and editor with point and click graphing and statistics tools Can handle virtually any data frequen cy including daily weekly intra day and panel data Can automatically convert data to dif ferent frequencies RATS data file format is fast and easy supports all frequencies and allows you to store series of different frequencies on the same file Data Transformations g g g Flexible transformations with algebraic formulas Easy to create trend series seasonal and time period dummies Fxtensive filtering operations includ ing Hodrick Prescott Henderson Spencer and custom filters Supports regular seasonal and frac tional differencing Graphics O High quality time series graphics OF High resolution X Y scatter plots Dual scale graphs O Contour graphs Copy and paste graphs into other ap plications O

brochure

Contents

Download Pdf Manuals

Related Search

Related Contents