Foundational Course on Econometric Modelling and Forecasting

Event Code : MP1A Date : 17.04.2017 to 21.04.2017
Venue : Malaysia Co-ordinator :
Host : The SEACEN Centre


 

This course introduces concepts and methods central to the construction and estimation of empirical models used by central bank staff for economic research and policy advice. It  covers ordinary least squares (OLS) estimation and its underlying assumptions, forecasting with models estimated by OLS, hypothesis testing, seasonality, stationarity and cointegration, basic volatility models, estimation and forecasts from vector autoregressions (VARs), basic EViews programming, etc. It is highly interactive with ample time spent on hands-on implementation of the concepts introduced.

            
Objectives
At the end of the course, participants will be able to: (1) apply basic econometric methods to real-word data to address common issues in macroeconomics and monetary policy; (2) obtain forecasts of macroeconomic indicators; and, (3) specify and estimate models for the main macroeconomic variables, etc.
 

Target Participants

This course is intended for entry-level staff whose duties involve significant quantitative analysis and research as well as middle-level officers who want to review or refresh their quantitative skills.
 

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