Undergraduate Certificate in Economic Modelling and Forecasting
-- ViewingNowThe Undergraduate Certificate in Economic Modelling and Forecasting is a comprehensive course that equips learners with vital skills in economic analysis, modelling, and forecasting. This certificate program is crucial in today's data-driven world, where businesses and organizations rely heavily on accurate economic predictions for strategic planning and decision-making.
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โข Introduction to Economic Modelling: Basic concepts, types of economic models, and their applications
โข Time Series Analysis: Autoregressive (AR), moving average (MA), and ARIMA models
โข Econometric Methods: Simple and multiple linear regression, least squares method, hypothesis testing
โข Forecasting Techniques: Exponential smoothing, Box-Jenkins methods, Theil's U and other measures of forecast accuracy
โข Stochastic Processes: White noise, random walks, Markov chains, and their applications in economics
โข Seasonality and Cyclical Adjustments: Deseasonalization and detrending techniques, X-12 ARIMA
โข Simulation and Monte Carlo Methods: Principles, applications, and limitations in economic modelling
โข Computational Tools: Data analysis packages (R, Python), software for simulation and optimization (GAMS, MATLAB)
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