Finance and Accounting

Training Course: Economic Models and Forecasting


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FI235591

9 - 13 Jun 2025

Paris (France)

Cost : 5250 € Euro

Introduction:

Economic models are the backbone of modern economic analysis, providing a simplified representation of complex economic phenomena. These models help analysts, policymakers, and business leaders explore the relationships between different variables, predict the effects of policy changes, and forecast future trends. By offering a structured way to interpret economic data, economic models allow us to better understand the macro and microeconomic environments in which businesses and economies operate.

Forecasting, as a discipline, goes hand-in-hand with economic models. It involves predicting future trends based on past and present data, using mathematical and statistical methods to generate insights. Accurate economic forecasting is crucial for effective decision-making, risk management, and strategic planning in both public and private sectors. In today's interconnected global economy, where even minor shifts in one market can have widespread effects, the ability to model and forecast accurately is a critical skill for professionals.

This comprehensive 5-day program aims to provide participants with a thorough understanding of key economic models and advanced forecasting techniques. The course is designed to enhance participants' abilities to apply these tools to real-world scenarios, helping them make more informed decisions. Through a combination of theoretical knowledge, practical case studies, and hands-on exercises, participants will gain the expertise to analyze trends, interpret economic data, and predict future economic conditions with greater accuracy.

Objectives:

  • To provide an in-depth understanding of fundamental and advanced economic models.

  • To teach participants the principles and techniques of economic forecasting.

  • To demonstrate how to apply economic models to real-world scenarios.

  • To equip participants with the skills to interpret economic data and generate accurate forecasts.

  • To explore the role of economic modeling and forecasting in business decision-making and policy development.

  • To enhance participants’ abilities in risk assessment, market analysis, and strategic planning using forecasting tools.

  • To introduce advanced statistical and econometric methods for forecasting.

Target Audience:

  • Economic Analysts

  • Financial Analysts and Strategists

  • Policy Makers

  • Business Consultants

  • Investment Professionals

  • Researchers and Academics in Economics

  • Government Officials in Economic Planning

  • Corporate Strategists and Decision Makers

Outlines:

Day 1:

Introduction to Economic Models and their Applications

  • Overview of Economic Models: Microeconomic and Macroeconomic

  • Key Economic Theories: Supply and Demand, Market Equilibrium

  • Types of Economic Models: Static vs. Dynamic Models

  • The Importance of Modeling in Economic Analysis and Decision Making

  • Case Study: Using Economic Models to Understand Business Cycles

  • Hands-On Exercise: Developing Basic Economic Models for Market Analysis

Day 2:

Econometric Models and Forecasting Techniques

  • Introduction to Econometrics and its Role in Economic Forecasting

  • Key Concepts: Regression Analysis, Time Series Data, and Statistical Inference

  • Building and Testing Econometric Models

  • Understanding Model Accuracy: Errors, Biases, and Limitations

  • Practical Session: Using Software (e.g., EViews, STATA, or R) for Econometric Analysis

  • Hands-On Exercise: Estimating Econometric Models for Real Economic Data

Day 3:

Time Series Forecasting and Applications

  • Understanding Time Series Data: Components, Patterns, and Trends

  • Methods of Time Series Forecasting: ARIMA, Exponential Smoothing, Moving Averages

  • Forecasting Macroeconomic Indicators: GDP, Inflation, Unemployment

  • Case Study: Forecasting the Effects of Policy Changes on the Economy

  • Practical Session: Time Series Analysis Using Statistical Tools

  • Hands-On Exercise: Forecasting Economic Indicators with Time Series Models

Day 4:

Scenario Planning and Risk Assessment

  • Introduction to Scenario Planning and Economic Forecasting Under Uncertainty

  • Using Economic Models for Risk Assessment and Stress Testing

  • Techniques for Developing Multiple Forecasting Scenarios

  • Application in Business and Policy-Making: Market Volatility, Crisis Management

  • Case Study: Scenario Planning for the Impact of Trade Wars or Natural Disasters on Global Markets

  • Hands-On Exercise: Building Scenarios and Assessing Risks Using Economic Models

Day 5:

Applying Forecasting Techniques to Real-World Problems

  • Integrating Economic Models with Business and Policy Decisions

  • Forecasting in Different Sectors: Finance, Manufacturing, International Trade, and Government

  • The Future of Economic Forecasting: Big Data, AI, and Machine Learning

  • Case Study: Forecasting Economic Recovery after Global Shocks (e.g., COVID-19, Financial Crises)

  • Group Discussion and Presentation: Creating Comprehensive Forecasting Reports

  • Final Exercise: Participants Develop a Full Forecasting Model for a Specific Sector

Finance and Accounting

Training Course: Economic Models and Forecasting


Register Now
Quick Inquiry
Discount Group Download Brochure (4)

FI235591

9 - 13 Jun 2025

Paris (France) -

Cost: 5250 € Euro


  About Paris

Lying on the River Seine, Paris is commonly referred to as the city for lovers, but it's actually a fantastic place for anyone to visit and explore. It's full of history, art, literature and amazing architecture for starters, but is also well known as being home to high fashion, which makes it a popular shopping destination. Visitors to the French Capital will find both high-end designer stores and quirky boutiques. The attractions of Paris range for art museums to shopping to simply taking a walk and soaking up the atmosphere. To top it all off, Paris has plenty of superb food and drink, in case there weren't already enough reasons to travel to Paris.


  Things to do and places to visit in Paris

Anyone who travels to Paris is in for a treat, as it is a beautiful city full of atmosphere. Many of Paris' attractions are world-famous, but it's also a city where you can find hidden gems. Taking a flight to Paris for a short visit is really like visiting a number of different cities, as all of its neighbourhoods, or arrondissements, have their own distinct character. Examples include the medieval Latin Quarter and the bohemian Marais. Each and every one is worth exploring.

Great things to do in Paris include:

  • Checking out the views from the top of the Eiffel Tower.
  • Seeing renowned masterpieces, including the Mona Lisa in the Louvre.
  • Taking a tour of the impressive, albeit slightly creepy, Paris Catacombs.
  • Marvelling at the beautiful Notre Dame Cathedral.
  • Browsing the designer stores around the Champs-Elysees.
  • Munching snails in one of the city's haute cuisine eateries.
  • Visiting the graves of luminaries including Oscar Wilde and Jim Morrison at Pere Lachaise Cemetery.
  • Admiring the imposing Arc de Triomphe.
  • Wandering around the boutiques of the Marais district.
  • Watching the famous Paris St-Germain football team play.
  • Taking in the Impressionist art at the Musee D'Orsay.
  • Watching the world go by from a cafe terrace.
  • Visiting the distinctive Centre Georges Pompidou.
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