Macroeconometric Forecasting and Analysis (MFA)

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Participants are expected to have an advanced degree in economics or equivalent experience and background in econometrics.
Participants should be comfortable using EViews for econometric applications.
It is strongly recommended that applicants have completed the online Macroeconometric Forecasting (MFx) course.

Presented by the Institute for Capacity Development.
Provides government officials a rigorous foundation estimating of macro-econometric models and their application for nowcasting, forecasting, and policy analysis in central banks, ministries, and public research institutions.
Examines:
- univariate and multivariate econometric time series models,
- state-space models,
- nowcasting techniques such as BRIDGE, MIDAS, and UMIDAS models.
Each topic includes a lecture discussing the underlying theory and a workshop with EViews applications.
Participants work in groups on hands-on estimation and forecasting exercises.

Identify the foundations, characteristics, and limitations for several econometric model specifications.
Use EViews software to apply modeling techniques that enhance their institutions' policy analysis and forecasting capabilities.
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 work or research and that of other countries.