Macro-econometric Modeling And Forecasting Using E-views Training Course

INTRODUCTION

In the fast-paced world of economics, the ability to accurately model and forecast macroeconomic variables is a skill that sets professionals apart. As global economies become increasingly interconnected, understanding the dynamics of macroeconomic indicators through econometric models is vital for informed decision-making. This comprehensive course on Macro-Econometric Modeling and Forecasting using EViews is specifically designed to equip participants with the knowledge and practical skills required to analyze and forecast economic trends effectively. Participants will delve deep into the principles and techniques of econometric modeling, gaining proficiency in using EViews software—an industry-standard tool for econometric analysis. The Macro-Econometric Modeling and Forecasting course covers a broad spectrum of econometric models, including ARIMA, VAR, and VECM, and offers hands-on experience in data collection, cleaning, and model specification. By the end of this Macro-Econometric Modeling and Forecasting course, participants will be adept at interpreting model outputs, diagnosing common issues such as heteroscedasticity and autocorrelation, and applying forecasting methods to real-world economic data. This training is essential for econometricians, financial analysts, policymakers, and researchers aiming to enhance their analytical capabilities and drive impactful economic insights.

COURSE OBJECTIVES

By the end of this Macro-Econometric Modeling and Forecasting course, participants will be able to:

• Understand the principles of macroeconomic analysis and its relationship with econometric modeling.
• Develop proficiency in using EViews software for econometric analysis and forecasting.
• Gain knowledge of different econometric models used in macroeconomics, such as ARIMA, VAR, and VECM.
• Learn techniques for data collection, cleaning, and preparation for econometric analysis.
• Acquire skills in model specification, including choosing appropriate variables and model selection criteria.
• Understand estimation techniques for econometric models and interpret the results.
• Diagnose and address common issues in econometric models, such as heteroscedasticity and autocorrelation.
• Develop proficiency in time series analysis and forecasting methods using EViews.
• Gain insights into policy analysis and simulation using macro-econometric models.
• Explore advanced topics in macro-econometric modeling, such as multivariate time series analysis and handling structural breaks.

DURATION

10 Days

WHO SHOULD ATTEND

This Macro-Econometric Modeling and Forecasting course is ideal for:

• Econometricians
• Financial Analysts
• Policy Makers
• Researchers and Analysts

COURSE CONTENT

Module 1: Introduction to Macro-Econometric Modeling

• Overview of macroeconomics and econometric modeling
• Introduction to EViews software and its features for econometric analysis

Module 2: Data Collection and Preparation

• Gathering macroeconomic data from various sources
• Data cleaning, handling missing values, and transforming variables

Module 3: Time Series Analysis

• Review of basic time series concepts and techniques
• Identification of trends, seasonality, and stationarity
• Time series decomposition and modeling

Module 4: Econometric Model Specification

• Introduction to different types of econometric models (e.g., ARIMA, VAR, VECM)
• Model selection criteria and techniques
• Hypothesis testing and model diagnostics

Module 5: Estimation and Inference

• Estimation techniques for econometric models using EViews
• Interpretation of coefficient estimates and statistical significance
• Assessing model fit and goodness of fit measures

Module 6: Forecasting

• Time series forecasting methods and techniques
• Evaluating forecast accuracy and performance metrics
• Forecasting with exogenous variables and scenario analysis

Module 7: Policy Analysis and Simulation

• Conducting policy experiments and simulations using macro-econometric models
• Interpreting and analyzing policy implications and outcomes

PREREQUISITES

• Strong foundation in macroeconomic theory and analysis
• Proficiency in mathematical and statistical techniques used in advanced macroeconomics
• Prior exposure to DSGE models and other advanced economic modeling frameworks

GENERAL NOTES

• The course is delivered by experienced trainers with extensive expertise in the field.
• The training includes a mix of practical activities, theoretical knowledge, group work, and case studies.
• Participants will receive comprehensive training manuals and additional reference materials.
• A certificate is awarded upon successful completion of the course.
• Custom-tailored courses to meet specific organizational needs are available. For more information, contact us at training@skillsforafrica.org.
• The training will be conducted at the Skills for Africa Training Institute in Nairobi, Kenya.
• The training fee covers tuition, materials, lunch, and the training venue. Accommodation and airport transfers can be arranged upon request.
• Payments should be made to our bank account before the training starts, and proof of payment sent to training@skillsforafrica.org.