Macroeconometric Forecasting (MFx)
This course, presented by the Institute for Capacity Development, 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 the use of error correction models;
- model evaluation, design, and simulation; and
- forecast uncertainty and policy 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.
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 are conducted using EViews – a popular software for estimating and simulating forecasting models in Windows. Temporary licenses for EViews are made available for the duration of the course.
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.
Upcoming Offering
| Start date | End date | Location | Session No. | Primary & (Interpretation) language | Apply |
|---|---|---|---|---|---|
| May 1, 2021 | August 31, 2021 | Course conducted online | OL 21.114 | English | Apply online by July 20, 2021 |
Virtual : Economic Issues in Regional Integration (ERI)
English (French, Portuguese), June 7-18, 2021, Ebene, Mauritius
Apply online by May 19, 2021
Virtual : Macroeconometric Forecasting and Analysis (MFA)
English, July 19-30, 2021, Singapore, Singapore
Apply online by May 21, 2021
Virtual : Financial Programming and Policies (FPP)
English, June 21, 2021 - July 2, 2021, Singapore, Singapore
Apply online by May 21, 2021
Virtual : Monetary Policy (MP)
English, September 20, 2021 - October 1, 2021, Singapore, Singapore
Apply online by May 21, 2021
Virtual : Financial Programming and Policies (FPP)
English (French, Portuguese), June 28, 2021 - July 9, 2021, Ebene, Mauritius
Apply online by May 21, 2021