Macroeconometric Forecasting (MFx)
This course, presented by the Institute for Capacity Development, is designed to reinforce the macroeconomic forecasting and modeling skills of participants and their use of modern econometric techniques. Lectures discuss the underlying theory and demonstrations show how to conduct empirical analyses using EViews. The course focuses on 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; and
- forecast uncertainty and policy analysis.
Target Audience
All government officials are welcome to register. The course is particularly relevant for officials involved in developing forecasts that are used to design and implement macroeconomic policy. 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. Demonstrations and applications are conducted using EViews – a popular software for estimating and simulating forecasting models in Windows. Temporary licenses for EViews are made available for the duration of the course.
Course Objectives
Upon completion of this 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.
Upcoming Offering
| Start date | End date | Location | Delivery Method | Session No. | Primary & (Interpretation) language | Apply |
|---|---|---|---|---|---|---|
| September 1, 2024 | December 31, 2024 | Course conducted online | Online Training | OL 24.233 | English | Apply online by December 17, 2024 |
Cyber Risk Supervision (CRS)
English | January 20-24, 2025 | In-person Training | New Delhi, India
Apply online by November 12, 2024
Strengthening Revenue Administration for Gender Equality
English | December 9-11, 2024 | In-person Training | New Delhi, India
Apply online by November 13, 2024
Cyber Risk Supervision - Path to Operational Resilience (CRS)
English (Arabic) | January 12-16, 2025 | In-person Training | Kuwait City, Kuwait
Apply online by November 14, 2024
Tax Policy and Administration: Theory and Practice (TPAT)
English (Arabic) | January 19-23, 2025 | In-person Training | Kuwait City, Kuwait
Apply online by November 14, 2024
Fiscal Sustainability (FS)
English | April 14-25, 2025 | In-person Training | Singapore, Singapore
Apply online by November 15, 2024