Advanced Economic Data Analysis and Interpretation

Details

This intensive course offers participants an in-depth understanding of economic data sources, analysis techniques, and their applications. Participants will refine their skills in data interpretation and forecast generation, ensuring they remain at the forefront of economic analysis and decision-making.

Target Group

 Economists, economic researchers, policy analysts, and professionals who engage with economic data in their roles

Goals

• Understand the key sources and types of economic data.
• Develop proficiency in econometric modeling and time series analysis.
• Interpret economic data in the context of current global and local events.
• Generate actionable insights for policy making and business strategy.
• Recognize biases and pitfalls in economic data interpretation.
• Stay updated with the latest tools and software for economic data analysis

Target Competencies

• Economic data sourcing and vetting
• Econometric modeling and forecasting
• Critical data interpretation
• Application of modern data analysis tools
• Narrative creation and data presentation
• Continuous learning in economic data trends

Outlines

Foundations of Economic Data

• Differentiating macroeconomic and microeconomic data
• Primary vs. secondary data sources
• Introduction to databases and platforms
• Understanding economic indicators and their significance
• Data reliability and potential biases

Time Series Analysis in Economics

• Basics of time series data
• Econometric modeling techniques
• Forecasting economic trends and cycles
• Analyzing volatility in economic data
• Tools and software for time series analysis