NEW FEATURES OF MICROFIT 4.0:
Microfit is supplied with an interactive econometric text which gives details of the econometric methods that underlie the options in the package. It also contains numerous tutorial lessons and exercises in a large number of areas covering univariate and multivariate forecasting of financial series such as stock prices, interest rates and exchange rates.
Microfit is an ideal tool for macro-econometric modelling, incorporating most up-to-date econometric methods.
The GARCH options in Microfit allow investment banks and portfolio management, companies to model and forecast volatility of share prices, interest rates and exchange rates in a matter of minutes.
Microfit 4.0 represents a major advance over the earlier versions of the package. It makes more intensive use of screen editors and window facilities for data entry, model specification, and easy storage and retrieval of data and results files.
Microfit 4.0 accepts ASCII and binary data files, and Excel 4.0 Worksheets, and other data files with a variety of formats such as comma delimited (CSV), PRN (Lotus print files), TXT and AREMOS (TSD) files. It readily allows for extension, revision, and merging of data files. Data on Microfit's workspace can be exported to spreadsheet packages in the CSV format, and to the AREMOS package in the TSD format.
With this new version you can run regressions up to 100 regressors and 3,000 observations. You can also move readily between drives, directories, and subdirectories for retrieving and saving data input and output files. Scrolling within a results screen is also possible. All files created using Microfit 3.0 can be used in Microfit 4.0.
Microfit 4.0 now comes with an extensive system of help facilities, providing easy on-line access to the Microfit manual. The graphic features of the package have been upgraded further, and now allow the graphs produced in Microfit to be readily imported into word-processing packages or printed on any printer supported by Windows.