Time-Series Analysis and Forecasting Certificate Program
Designed to aid economic forecasting, this seminar presents advanced statistical techniques, modeling and applications. The course is for people who are seeking knowledge of recent developments in economic methodologies and quantitative analysis. The emphasis is on forecasting and time-series analysis with applications in business.
Check the Meetings page for the scheduled offerings.
Participants should have a background in microeconomic theory, econometric methods, as well as use of mathematics, statistics and regression analysis. Although course content and time spent on each subject will be tailored to the participants’ backgrounds, the outline below provides the topics to be covered. Examples in economics and finance will be used. Time will be set aside to work on problems to accentuate the lecture material. The software package EVIEWS will be used in most cases in this regard.
Forecast evaluation
- Review of single-equation structural models (model specification; tests of hypotheses; econometric methods)
- Distributed lag models
- Simultaneous and seemingly unrelated models
- Introduction to time-series models
- Unit roots and unit root tests
- Box-Jenkins modeling (AR, MA, ARMA, ARIMA models; model specification; estimation; diagnostic checking; forecasting)
- Vector autoregression (VAR modeling and causality; specification and estimation of VARs)
- Cointegration
About the instructor
Dr. Oral Capps, Jr. has a background of consulting experience in industry, government, and academia. He has conducted seminars in economic modeling and forecasting for the Institute of Professional Education. Dr. Capps received degrees in mathematics, statistics, and agricultural economics from Virginia Polytechnic Institute and State University. He is currently a Professor in the Department of Agricultural Economics at Texas A&M University. He has received awards for teaching from Virginia Tech, Texas A&M University, and the American Agricultural Economics Association. He has been honored by the American Agricultural Economics Association, the American Council on Consumer Interests, Texas A&M University, and several editorial boards for outstanding research.
About NABE
Founded in 1959, NABE is a non-profit association offering professional services and products to people who use economics in their work. NABE has more than 2,500 members worldwide and 41 chapters across the country.