Course Overview:
This course offere at IRES is designed for professionals and researchers seeking to enhance their knowledge and skills in time series econometrics using the EViews software. This course offers in-depth coverage of advanced econometric techniques such as unit root tests, cointegration, vector autoregressive (VAR) models, and volatility modeling. Participants will learn how to effectively analyze, interpret, and forecast time series data using EViews, with a focus on real-world economic and financial applications. Through hands-on sessions and case studies, participants will gain the expertise needed to apply advanced time series models for accurate data analysis and forecasting.
Course Duration:
5 Days
Target Audience:
- Economists
- Financial analysts
- Researchers
- Data scientists
- professionals involved in economic and financial modeling, forecasting, and analysis.
Personal Impact:
- Master advanced econometric techniques for time series analysis.
- Gain hands-on experience using EViews for real-world data analysis.
- Enhance your ability to build robust models for economic and financial forecasting.
Organizational Impact:
- Improve decision-making through accurate time series analysis and forecasting.
- Enhanced capacity to analyze and predict market trends, economic cycles, and financial risks.
- Apply sophisticated econometric models to guide business strategies and policy decisions.
Course Level:
Course Objectives:
- Understand and apply advanced time series econometrics techniques using EViews.
- Conduct unit root tests, estimate VAR models, and analyze cointegration relationships.
- Model and forecast volatility using GARCH models and other advanced techniques.
- Analyze structural breaks and nonlinearities in time series data.
- Use EViews to produce accurate, actionable forecasts for economic and financial data.
Course Outline:
Module 1: Introduction to Time Series Econometrics Using EViews
- Overview of EViews and time series econometrics
- Stationarity and non-stationarity in time series
- Performing unit root tests (ADF, PP, KPSS)
- Practical Exercise: Stationarity testing using EViews
Module 2: ARIMA and Seasonal ARIMA Models
- Building ARIMA and SARIMA models for time series forecasting
- Model identification, estimation, and diagnostic checking
- Forecasting with ARIMA models
- Case Study: ARIMA modeling for economic data forecasting
Module 3: Cointegration and Error Correction Models
- Understanding cointegration and long-run relationships
- Estimating and interpreting Vector Error Correction Models (VECM)
- Testing for cointegration using Johansen’s method
- Practical Exercise: Building and interpreting VECM in EViews
Module 4: Vector Autoregressive (VAR) Models and Impulse Response Analysis
- Estimating VAR models for multivariate time series
- Granger causality and impulse response functions
- Variance decomposition analysis
- Case Study: VAR modeling in financial markets using EViews
Module 5: Volatility Modeling: GARCH and Extensions
- Modeling volatility with GARCH, EGARCH, and TGARCH models
- Forecasting volatility and measuring risk
- Practical Exercise: Volatility modeling with EViews
- Real-life Project: Building a complete time series model for your own economic or financial data
Related Courses
Course Administration Details:
Methodology
These instructor-led training sessions are delivered using a blended learning approach and include presentations, guided practical exercises, web-based tutorials, and group work. Our facilitators are seasoned industry experts with years of experience as professionals and trainers in these fields. All facilitation and course materials are offered in English. Participants should be reasonably proficient in the language.
Accreditation
Upon successful completion of this training, participants will be issued an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).
Training Venue
The training will be held at IRES Training Centre. The course fee covers the course tuition, training materials, two break refreshments, and lunch. All participants will additionally cater to their travel expenses, visa application, insurance, and other personal expenses.
Accommodation and Airport Transfer
Accommodation and Airport Transfer are arranged upon request. For reservations contact the Training Officer.
- Email: [email protected]
- Phone: +254715 077 817
Tailor-Made
This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our IRES Training Centre or at a convenient location. For further inquiries, please contact us on:
- Email: [email protected]
- Phone: +254715 077 817
Payment
Payment should be transferred to the IRES account through a bank on or before the start of the course. Send proof of payment to [email protected]
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