Training Program
Nowcasting (NWC)
Invitation
Session No.: AT 26.23
Location: Ebene, Mauritius
Date: November 2-13, 2026 (2 weeks)
Delivery Method: In-person Training
Primary Language: English
Interpretation Language: French Portuguese
Target Audience
Junior and middle-level officials from ministries of finance, central banks, and other interested public institutions.
Qualifications
Participants are expected to have an advanced degree in economics or equivalent experience, a basic understanding of time-series econometrics and be comfortable using EViews (econometric software package).
Course Description
This course provides participants with cutting-edge nowcasting tools that familiarize them with the concepts and methods to incorporate high-frequency economic indicators into the forecasting process, while integrating this training into technical assistance on data compilation and dissemination. Each topic is complemented by hands-on workshops and assignments designed to illuminate the steps required to formulate a nowcasting model and generate a nowcast.
Course Objectives
Upon completion of this course, participants should be able to:
- Understand and be proficient in the techniques required to manage time-series data in EViews, estimate an OLS regression, and calculate its associated forecasts in EViews.
- Formulate nowcasting models using several approaches (such as Bridge, MIDAS, and U-MIDAS estimators, etc.) and appropriate high-frequency indicators.
- Generate nowcasts from various models and evaluate their accuracy using several forecasting performance indicators.
- Apply the nowcasting tools to their own country data and interpret the nowcast appropriately in policymaking settings.
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