Training Program Course

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.