(EViews10)Estimate VAR,Forecast Error Variance Decomposition

The variance decomposition indicates the amount of information each variable contributes to the other variables in the autoregression. It determines how much of the forecast error variance of each of the variables can be explained by exogenous shocks to the other variables. This video gives a step-by-step guide on how to estimate a VAR model and analyse the variance decomposed among the variables in the VAR system.

Here is the link to the wanne.xlsx dataset used for this tutorial (endeavour to have a Google account for easy accessibility): https://drive.google.com/drive/u/1/fo...

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