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Macroeconometric Forecasting (MFx)

Macroeconometric Forecasting

This course, presented by the IMF Institute, is designed to reinforce the macroeconomic forecasting and modeling skills of participants and their use of modern econometric techniques. Lectures discuss the underlying theory and demonstrations show how to conduct empirical analyses using EViews. The course focuses on four aspects of empirical model building and forecasting:

  • data and model properties, such as stationarity/non-stationarity and co-integration;
  • dynamic specifications, especially use of error correction models;
  • model evaluation, design, and simulation; and
  • forecast uncertainty and policy analysis.
Read More Topic : General Macroeconomic Analysis

    Target Audience

    All government officials are welcome to register. The course is particularly relevant for officials involved in developing forecasts that are used to design and implement macroeconomic policy. The course is offered in English.
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    Qualifications

    Participants are expected to have a background in undergraduate statistics and basic econometrics. Access to a computer with a reliable Internet connection and a Google Chrome web browser is essential. Demonstrations and applications will be conducted using EViews-popular software for estimating and simulating forecasting models in Windows. Temporary licenses for EViews will be made available for the duration of the course.
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    Course Objectives

    Upon completion of this course, participants should be able to:

    • Forecast time series and multiple equation models using EViews.
    • Assess the statistical characteristics of time series and apply appropriate methods for forecasting.
    • Construct a macroeconometric model using ARMA, VAR, and VECM methods.
    • Use a variety of statistical techniques to evaluate the performance of a forecasting model.
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    Upcoming Offering

    Start date End date Location Session No. Primary & (Interpretation) language Apply
    September 1, 2020 December 31, 2020 Course conducted online OL 20.121 English Apply online by November 19, 2020
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    Apply Now - Application deadline approaching:

    IMF offers online training to government officials and public. Click Learn more to find our current offerings.

    Virtual - Financial Sector Surveillance (FSS)

    English, November 2-6, 2020, Vienna, Austria

    Apply online by September 20, 2020

    Virtual - Financial Development and Financial Inclusion (FDFI)

    English, November 16-27, 2020, Singapore, Singapore

    Apply online by September 21, 2020

    Virtual - Economic Issues in Regional Integration (ERI)

    English (French), October 12-23, 2020, Ebene, Mauritius

    Apply online by September 23, 2020

    Virtual - Fiscal Frameworks (FF)

    English (French), October 26, 2020 - November 6, 2020, Ebene, Mauritius

    Apply online by September 23, 2020

    Virtual - Financial Sector Policies (FSP)

    English (French), November 9-20, 2020, Ebene, Mauritius

    Apply online by September 25, 2020