Economic Models and Forecasting

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This course provides professionals with essential knowledge of economic models and forecasting techniques used to predict market trends, business cycles, and economic performance.

Objectives

By the end of this course, participants will be able to:

• Understand and apply key economic models.
• Use economic indicators for business forecasting.
• Develop economic forecasts using quantitative methods.
• Interpret macroeconomic data for business planning.
• Assess economic risks and opportunities.

Who Should Attend?

• Business analysts and financial planners.
• Economists and market researchers.
• Corporate strategists and decision-makers.
• Entrepreneurs and business owners.

Course Outline

Day 1: Fundamentals of Economic Models

• Overview of economic modeling and its applications.
• Types of economic models: Micro, macro, and econometric models.

Day 2: Economic Indicators and Data Analysis

• Key economic indicators (GDP, inflation, interest rates).
• Data sources and collection methods for economic analysis.

Day 3: Forecasting Techniques

• Time-series analysis and regression models.
• Scenario planning and sensitivity analysis.

Day 4: Business Cycle Analysis

• Understanding business cycles and economic phases.
• Using economic models to predict market changes.

Day 5: Risk Assessment and Strategic Planning

• Evaluating economic risks and mitigation strategies.
• Developing economic forecasts for business decision-making.