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The Practice of Econometrics with EViews
22 - 26 March 2010
GOLCER, Lancaster University Management School
Lancaster University, Bailrigg, Lancaster. UK LA1 4YX, UK
Course Description
Course Programme
Request Enrolment Form Now
Terms and Conditions
About EViews
Timberlake Consultants Ltd, the UK distributor of EViews, and GOLCER invite you to attend a four-day course in Lancaster (registration is on 22 March 2010 and course runs from 23th March 2010 thru 26 March 2010), covering the use of econometrics with EViews, the well known econometrics software package developed by Quantitative Micro Software (USA).
The Course - Several major advances in time series, forecasting and software engineering have occurred in the past few years. These advances provide a major breakthrough in the modelling of time series using easy-to-use object-oriented Windows based software. The course aims to provide delegates with a thorough coverage of the data analysis, estimation and forecasting facilities offered by EViews, focusing on both time series and panel data techniques. Furthermore, it reconciles econometric theory with practice, thereby adopting an approach that emphasises the acquisition of analytical skills during the presentation and hands-on interactive sessions. During these sessions, we will use real-life business and industrial data to show how to interpret and report the results. All participants will be provide with a computer throughout the course. Participants are invited to bring their own data and the lecturer or one of his supporting staff will make some time, during the evening, to work with you through your data.
Structure - The course is a mixture of three types of session:
- theory sessions help to explain the techniques and the underlying principles behind them, with the focus as much as possible on the intuition behind the method rather than the algebra;
- class examples help to reinforce the theory sessions, with the course presenter demonstrating worked examples to the participants;
- hands-on sessions allow participants to actively practice the techniques by going through a set of pre-prepared examples with a full set of solutions to refer to if needed;
- After the class finishes, we reserve one hour every evening to work individually with you on your own datasets
At the end of the course, participants will get certificates of attendance by GOLCER (Lancaster University) and Timberlake Consultants.
Course registration is in the evening of the 22 March 2010 and is followed by dinner.
Who should attend - The course, given in English, is aimed at practitioners and researchers in
- Economic Research/ Model Building
- Financial Modelling/ Arbitrage Trading
- Quantitative Investment Management
- Sales and Inventory Forecasting
- Traffic Modellers
- Energy Load Forecasting
- University Instruction and Research
- and more
Advantages - The course will
- Review all major econometric modelling methods
- Provide a practical and systematic approach to the modelling of business and financial time series data
- Provide hands-on experience in building econometric models - each delegate is provided with a computer throughout the course
- Provide certificates of attendance by GOLCER (Lancaster University Business School) and Timberlake Consultants
- Provide you with the opportunity to discuss your application with the lecturer and his supporting staff
- Provide an opportunity for you to meet with a panel of experienced modellers to discuss industry-specific applications related to forecasting and time series analysis
The Principal Lecturers - The principal lecturers are:
Dr Sean Holly, Director of the Department of Applied Economics and Fellow of
He was formerly Professor of Economics at the
Dr Paul Turner, Professor at the Department of Economics at Loughborough, having previously been Senior Lecturer in Economics at the
Cost - The cost of the course is:
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Non-academic
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£1,195 + VAT = £1,404.13 |
| Academic | £750 + VAT = £881.25 |
| Hotel Accommodation | £80 + VAT = £94/night (for bed and breakfast) |
| University Accommodation | £57 + VAT = £66.98 (for bed and breakfast) |
The number of delegates is restricted. Please register early to guarantee your place. Further instructions will be sent with the joining instructions. There is a choice for accommodation: the 4* Lancaster House Hotel (http://www.elh.co.uk/hotels/lancaster) or Lancaster University Student accommodation (http://www.lancs.ac.uk/accommodation/)
- The cost includes course materials, breakfasts, lunches and refreshments, dinners and accommodation (check-in on Monday, 22 March and check-out on Friday morning, 27 March) and the use of computers.
- Extra nights - please contact by email or ring Caren Wareing to check availability
How to get to Lancaster University - The historic city of Lancaster is a small, vibrant university city, and rich in cultural heritage. Lancaster's history can be traced back thousands of years and has so much to offer, from castles and museums, where Lancaster's past comes to life, to great shopping, entertaining theatre and swish eateries. is one of the major tourist attractions in the UK . There are, therefore, many options on how to get there from London or Manchester (if you are flying to Manchester). This website may be of interest to you
22 March 2010
17H00 onwards: Registration followed by dinner
23 March 2010 - Using EViews for Time Series Forecasting
Start 9H15 - finish 17H00
Session 1: Introduction to EViews
- Data Entry and Management
- Seasonal Adjustment of Time Series
- Modelling a Time Series – the Box-Jenkins Approach
- Generating and evaluating a forecast
Session 2: Practical Session
- Fitting a Box-Jenkins model
- Generating a forecast
Session 3: Stationarity, unit roots and forecasting
- Testing for unit roots
- Implications of unit roots for forecasting
- Unit roots and the spurious regression problem
Session 4: Practical Session
- Practical testing for unit roots
- Forecasting with non-stationary data
24 March 2010- Regression Analysis Using EViews
Start 9H15 - finish 17H00
Session 1: The Classical Linear Regression Model
- Methods of Estimation – Least Squares, Maximum Likelihood, Method of Moments
- Approaches to Testing – Wald, Likelihood Ratio and Lagrange Multiplier
- Diagnostic Testing Using EViews
Session 2: Practical Session
- Estimating a Model Using the General to Specific Approach
- Diagnostic Testing
- Testing restrictions
Session 3: Cointegration and error-correction
- Dealing with Cointegrated Variables
- The Engle-Granger Two Stage Procedure
- Johansen’s approach to testing for cointegration
- Cointegration and error-correction models
Session 4: Practical Session
- Testing for Cointegration
- Forecasting with an error -correction model
25 March 2010 - Specialised Topics
Start 9H15 - finish 17H00
Session 1: Panel Data
- Fixed and random effects models
- Unit roots in panel data
- Cointegration and panel data
Session 2: Practical Session
- Setting up a panel data model
- Estimation and interpretation of results with panel data
Session 3: Vector Autoregression Models and Exogeneity
- The VAR Methodology
- Granger causality
- Exogeneity
Session 4: Practical Session
- Testing for exogeneity
- Estimation and interpretation of a VAR
- Using a VAR to generate a forecast
26 March 2010- Using EViews for Modelling
Start 9H15 - finish 16H00
Session 1: Building a Model
- The Process of Estimating and Setting up a Model Within EViews
- Dynamic and Static Solutions of a Model
- Forecasting With a Model
- A Small Macroeconomic Model of the
Session 2: Practical Session
- Setting up a Model and Generating a Forecast
Session 3: Economic Theory and Econometric Models
- The Importance of Long Run Theoretical Restrictions
- The Effects of a Non Unit Income Elasticity of Consumption on Model Simulation Properties
- Rational Expectations in Macroeconomic Models
Session 4: Practical Session
- A Policy Game Using the Fair Model of the
Registration closes 3 calendar days prior to the start of the course. After registering, you are liable for the payment of the fee unless you cancel your registration.
Cancellations:
The minimum number of participants is 7 and the maximum number is 15. In situations with an insufficient number of participants Timberlake Consultants reserves the right to cancel the course at two weeks notice. Similarly, if a participant wishes to cancel a booking Timberlake Consultants must have received note of this (eg letter, fax or email) up to two weeks before the course date. The cancellation fees are:
- full fee returned for cancellations made 28+ calendar days prior to start of the course
- half-fee returned for cancellations made 15-27 calendar days prior to the start of the course
- no fee returned for cancellations made 14 or less calendar days prior to the start of the course.
For groups of 5 or more within a single organisation, a group-based course fee may be arranged - please contact our Training Department to discuss options.
Payment of fees is required prior to the course start date
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