Expanded global options allow you to define default settings for estimation procedures. This allows you to choose your own normalization for the cointegrating vectors and to impose weak exogeneity restrictions. EViews displays LR test statistics for binding restrictions. There are a number of new views in VARs that allow you to examine the structure of your specification. With a few clicks of the mouse, you can display the inverse roots of the characteristic AR polynomial, perform Granger causality and joint lag exclusion tests, evaluate various lag length criteria, and view correlograms and autocorrelations.
VARs also perform various multivariate residual based diagnostics.
EViews VARs now provide various options for the impulse response specification. Monte Carlo standard errors are now available for variance decompositions. Restrictions may be specified as in text form, or as patterned matrices. Over-identifying restrictions may be tested using the LR statistic reported by EViews. The state space engine has been completely rewritten to provide you with greater power and flexibility.