This allows for the most flexible DGP formulation. Again breaks may be introduced. In the last two, a range of statistics are readily available for investigation. It is possible to add to this by writing additional Ox code. Object-oriented and visual programming have shaped PcNaive.
Previous runs provide a basis for further simulations.
This innovative approach to the econometric use of Monte Carlo analysis is built around the object-oriented matrix language Ox Professional , therefore PcNaive requires Ox Professional to run the experiments within GiveWin. We expect that the new PcNaive will be a valuable aid in teaching econometrics, and, with the flexibility of Ox, a powerful research tool.