Macroeconometric Forecasting (MFx)

Source details

Session No.: OL 26.175
Deadline: Deadline passed
Location: Course conducted online
Date: May 1, 2026 - August 31, 2026 (17 weeks)
Delivery Method: Online Training
Primary Language: English
Software: Demonstrations and applications are conducted using EViews
Licenses: Temporary licenses for EViews are made available for the duration of the course

Target Audience: All government officials are welcome to register; particularly relevant for officials involved in developing forecasts that are used to design and implement macroeconomic policy
Language: The course is offered in English
Qualifications:
- Participants are expected to have a background in undergraduate statistics and basic econometrics
- Access to a computer with a reliable Internet connection and a Google Chrome web browser is essential

Presenting institution: Institute for Capacity Development
Aim: To reinforce macroeconomic forecasting and modeling skills and the use of modern econometric techniques
Instructional approach:
- Lectures discuss the underlying theory
- Demonstrations show how to conduct empirical analyses using EViews
Focus areas (four aspects of empirical model building and forecasting):
- Data and model properties, such as stationarity/non-stationarity and co-integration
- Dynamic specifications, especially the use of error correction models
- Model evaluation, design, and simulation
- Forecast uncertainty and policy analysis

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

Forecast time series and multiple equation models using EViews.
Assess the statistical characteristics of time series and apply appropriate methods for forecasting.
Construct a macroeconometric model using ARMA, VAR, and VECM methods.
Use a variety of statistical techniques to evaluate the performance of a forecasting model.