Training Course-Application of Econometric Models using STATA

Training description

In this hands-on training, the participants will first be introduced to the basics of STATA. Then, they will be exposed to addressing economic questions (i.e., how much to produce, demand and supply functions and equilibrium price, estimation and empirical use of elasticities, basic forecasting, etc.) by estimating econometric models using the STATA software package.

Dates
The 2-day intensive training will take place on April 1 and April 3, 2020.

Venue
International Center for Agribusiness Research and Education (ICARE).
Address: 74 Teryan Street, 0009 Yerevan.

Time
19:00 – 21:00, Yerevan time. For details, see the agenda below.

Working language
The working language of the training will be Armenian; however, the PowerPoint slides will be in English.

Level

Intermediate.

Training participation fee

The training is free of charge. While similar hands-on trainings are quite expensive, ICARE fully covers the associated expenses for the participants, thus staying true to its charitable, social, scientific, and educational commitments.

Target audience

The purpose of this training is to introduce the participants to STATA and to equip them with practical skills for making educated economic decisions. This training uses the regression analysis applied to various sample datasets and is intended for economists, business consultants, business analysts, economics students, and other interested parties that do economic analysis in any type of production or service industry (food industry, consulting, wholesaling/retailing, banking, etc.). Participants are not expected to be intimately familiar with STATA or econometrics; however, it is recommended that they have a basic background in economics and regression analysis.

 Expected outcomes

After completing the training, participants will be able to:

  • Use the STATA statistical software package for empirical analysis
  • Build and estimate an appropriate regression model
  • Interpret and explain the estimation results
  • Use the estimation results for addressing economic problems

Software

The STATA 10 statistical software package will be used.

 Presentation methods

A combination of PowerPoint presentations and in-class computer exercises will be used. The participants will be provided with training material ahead of time. A dynamic discussion and exchange of ideas through interactive class participation will be strongly encouraged.

Trainer

Ms. Mamikonyan received her Master’s degree in Agribusiness and Marketing from Agribusiness Teaching Center (ATC), and joint program between Texas A&M University, ICARE Foundation, and Armenian National Agrarian University (ANAU). Currently, she works as an instructor in the Master of Agribusiness (MAB) and Undergraduate Agribusiness (UAB) programs at ATC. She teaches Business Statistics, Agribusiness Analysis and Forecasting and Business Management Applications in the MAB program. Also, she works as a senior specialist of the Reporting Division at ACRA Credit Reporting CJSC.

Registration procedure and deadline

If interested, please register for the training by filling out the attached registration form (in English) and send it to icare.trainings@gmail.com email address. The registration deadline is 18:00 pm, March 31. The seating is limited. ONLY SHORTLISTED APPLICANTS WILL BE NOTIFIED FOR PARTICIPATION.

Agenda

April 1 Time Topics
19:00 – 19:45 Basics of STATA
20:00 – 21:00 Basic correlation and regression analysis
April 3 Time Topics
19:00 – 19:45 Estimating demand and supply equations, equilibrium price. Elasticity estimation and their practical application
20:00 – 21:00 Identifying driving factors affecting sales. Forecasting economic variables accounting for trend and seasonality

 

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