Training Program Course

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

• Recognize the role, scope, and uses of QNA and HFIEAs. Describe the compilation framework for the QNA and the different compilation methods for HFIEAs (including composite leading indicators).
• Review available data sources for compiling QNA by the income, expenditure and production approaches, and HFIEAs.
• Explain the use of volume measures and the basic relation between value, quantity, and price expanding on how to detect and address issues such as the need for updated weights; and recognizing the loss of additivity for chain-linked volume estimates. 
• Compile benchmarked series using the recommended techniques. Apply basic techniques for filling data gaps.
• Identify good seasonal adjustment practices and apply basic seasonal adjustment techniques to time series.
• Formulate a balanced revisions policy taking account of how related real-time database can be used to assess the reliability of the QNA/HFIEA estimates.