ARIMA model forecast with confidence interval in EViews

✅ ARIMA model forecast with confidence interval in EViews. In this tutorial i will show you how to add confidence interval to your ARIMA time series forecast model. Finally, I will show you how to edit the forecast graph in EViews so it looks more professional. The model we used to estimate and forecast the mean equation was an ARIMA (1,1,3) model. Series: Consumer Price Index (CPI) USA. To add confidence intervals to your ARIMA forecasts in EViews we need to do it manually. EViews doesn't have an option to include the confidence bands. How are we going to do it? we will calculate the confidence intervals as: Mean +- 2 Standard errors (+- 2s.e.). This way, our forecasts will show an upper bound and lower bound. Time series confidence band forecast: The video has two parts Part 1: How to add confidence Bands to the ARIMA forecast Part 2: How to format the graph in EViews Important: We will be using the ARIMA model I estimated in my previous tutorial. Ensure to watch the video if you would like to know how to estimate arima models. This tutorial is just to show you how to add the bands and edit the graph. 🎬Link for the ARIMA tutorial: https://www.youtube.com/watch?v=ukGJ0sLgbqI&t=685s 📣 Buy my ARIMA Modelling Guide step by step with images + Video Slides + EViews Workfile + Dataset at: https://payhip.com/b/9xkQ 📈 Download the dataset for free and replicate the content of the video: https://www.jdeconomics.com/eviews-tutorials ✅ Visit my website to see all my FREE tutorials: www.jdeconomics.com ✅ Visit my store to buy the material for any of my videos at: https://payhip.com/JDEconomics ☕️ If you value my content and would like to show a recognition, you can make a donation: 💳 https://www.paypal.com/paypalme/JDEconomics?locale.x=en_US --------------------------------------------------------------------------------------------------------- Social Media: Let's Stay connected! 📺 For more videos likes this, please subscribe: https://www.youtube.com/channel/UC5P21WGFO4WRUlAiGLcwymg?sub_confirmation=1 ✅ Follow me on Twitter: https://twitter.com/EconomicsJd ✅ Follow me on Instagram: https://www.instagram.com/jd_economics/ ✅ Visit my Website: https://www.jdeconomics.com/ --------------------------------------------------------------------------------------------------------- 🕘 Timestamps: 🎬 In this video the following analysis is performed: 👋 Introduction 0:00 📊 Part 1: Add confidence Bands 1:01 📊 Part 2: Edit the Graph 7:47 --------------------------------------------------------------------------------------------------------- Learn from my three free courses: EViews, Stata and LaTeX/Overleaf 🎬 Learn how to write your research paper in a fancy way in Latex with Overleaf: https://www.youtube.com/playlist?list=PLsZ8kVwX52ZGTCs7OsRPzweuqnJSiU76p 🎬 EViews Course videos: https://www.youtube.com/playlist?list=PLsZ8kVwX52ZGXxJ-bqP-WmRBD2HytO4d4 🎬 Stata Course videos: https://www.youtube.com/playlist?list=PLsZ8kVwX52ZEFZsVViYs60lf7idJuKKUO --------------------------------------------------------------------------------------------------------- If you liked the video and would like more content, please support my channel subscribing! 👍Like and subscribe for more videos! Thanks a lot!