Nowcasting (NWC)
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Bibliographic details
- Session: CE 26.09
- Location: Rabat, Morocco
- Dates: February 2-13, 2026 (2 weeks)
- Delivery method: In-person Training
- Primary language: English
- Status: Deadline passed
Training Program Overview
- Session No.: CE 26.09
- Location: Rabat, Morocco
- Date: February 2-13, 2026 (2 weeks)
- Delivery Method: In-person Training
- Primary Language: English
- Status: Deadline passed
- Organizer: Institute for Capacity Development, IMF
Target Audience and Qualifications
- Target Audience:
- Junior and middle-level officials from ministries of finance, central banks, and other interested public institutions.
- Qualifications:
- Advanced degree in economics or equivalent experience.
- Basic understanding of time-series econometrics.
- Comfortable using EViews (econometric software package).
- Strongly recommended: completion of a few general macroeconomic courses, such as Macroeconomic Forecasting and Analysis (MFA) or Macroeconomic Diagnostic (MDS), face-to-face or online.
Course Description
- The course, presented by the Institute for Capacity Development, provides participants with cutting-edge nowcasting tools that:
- Familiarize participants with the concepts and methods to incorporate high-frequency economic indicators into the forecasting process.
- Integrate this training into technical assistance on data compilation and dissemination.
- Pedagogy:
- 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 steps required to manage time-series data in EViews, estimate an OLS regression, and calculate its associated forecasts in EViews.
- Formulate several useful statistical procedures in EViews, including consolidation of time series from higher to lower frequencies; interpolation techniques; seasonal adjustment; and use of leading indicators.
- Identify appropriate high-frequency indicators and non-traditional data useful for nowcasting macroeconomic variables and prepare them for use in a nowcasting exercise.
- Formulate and estimate nowcasting models using several approaches (such as Bridge, MIDAS, and U-MIDAS estimators, etc.).
- Generate a nowcast from the base regression and consolidate competing forecasts using combination forecasts.
- Evaluate the accuracy of the nowcast using several forecasting performance indicators.
- Apply the nowcasting tools to their own country data and interpret the nowcast appropriately in policymaking settings.
Additional Note
- IMF offers online training to government officials and the public. Click Learn more to find our current offerings.