Macroeconometric Forecasting and Analysis (MFA)
Deadline passed
Session No.: HQ 24.05
Location: Washington, D.C., United States
Date: November 4-15, 2024 (2 weeks)
Delivery Method: In-person Training
Primary Language: English
Target Audience
Government officials involved in developing macro-econometric models and forecasting for the analysis, design, and implementation of macroeconomic policy.
Qualifications
Advanced degree in economics or eq. experience and a background in econometrics. Applicants should feel comfortable using EViews for econometric applications. Strongly recommended to have completed the online Macroeconometric Forecasting (MFx) course.
Course Description
This course, presented by the Institute for Capacity Development, gives government officials a rigorous foundation in the estimation of macro-econometric models and their application for nowcasting, forecasting, and policy analysis in central banks, ministries, and public research institutions. The course examines univariate and multivariate econometric time series models, state-space models, and nowcasting techniques as Factor, BRIDGE, and MIDAS models. Each topic includes a lecture that discusses the underlying theory and a workshop with applications using EViews. Participants work in groups on hands-on estimation and forecasting exercises.
Course Objectives
Upon completion of this course, participants should be able to:
- Identify the foundations, characteristics and limitations for a number of econometric model specifications.
- Use EViews software to apply modeling techniques that enhance the policy analysis and forecasting capabilities in their institutions.
- Apply the techniques learned to country cases from their region to forecast and analyze a policy issue.
- Apply appropriate tools available in the EViews econometric package to their own work or research and that of other countries.
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