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WeвЂ™ll create a new EViews workfile to hold the inflation data by clicking on File/New/Workfile, and select quarterly as the frequency with a start date of 2009 and end date of 2018, giving us enough room for a few years of forecasts. Nevertheless, the first step in the replication is to obtain the historical inflation numbers. However it isnвЂ™t quite so easy, since the Bank of England does not provide the forecast quantile values, rather they only provide distribution parameters for the assumed distribution of the forecasts.

EVIEWS 7 SERIES

Simply obtain the historical inflation series, along with the median and quantile forecast series used to create the fans, then put those series in a group and create an area band chart from them. We have decided to replicate a recent inflation report fan chart, specifically the November 2015 inflation fan chart available from the Bank of England.ДЄt first glance, this fan chart is simple to re-produce in EViews. Recently, we decided to go one step further and replicate an official Bank of England fan chart in EViews, and this blog post will document the steps required to perform the replication. So whenever we have been asked if EViews can produce fan charts, we have said вЂњyesвЂќ. EViews has been able to produce area band charts for a number of previous versions. At its heart, a fan chart is simply a type of area band chart. We are often asked if EViews can produce fan charts.

Fan charts are a method of visualizing a distribution of economic forecasts, pioneered by the Bank of England for their quarterly inflation forecasts.

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