Application of Econometric Models Using STATA for Addressing Economic Questions

The ICARE – International Center for Agribusiness Research and Education invites you to participate in a FREE-OF-CHARGE training on “Application of Econometric Models Using STATA for Addressing Economic Questions” conducted by  Lena Mamikonyan.


The 2-day intensive training will take place on May 13th and 14th, 2019.


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


18:30 – 20:45, Yerevan time (this includes a coffee break). 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.



Training participation fee

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

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.

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


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.


Ms. Mamikonyan received her Master’s degree in Agribusiness and Marketing from Armenian National Agrarian University (ANAU). Currently, she works as an instructor and graduate research and teaching assistant in the Master of Agribusiness (MAB) program at the ANAU. She assists in teaching graduate courses such as Econometrics and Managerial Economics, and teaches Business Statistics, Agribusiness Analysis and Forecasting and Business Management Applications in the MAB program. Also, she works as a manager of programs at the Union of Credit Organizations of RA (UCORA).


If you have questions, please contact Lena Mamikonyan or call at 093 42-59-55.


May 13 Time Topics
18:30 – 19:30 Basics of STATA
19:30 – 19:45 Break
19:45 – 20:45 Basic correlation and regression analysis
May 14 Time Topics
18:30 – 19:30 How much to produce? Estimating demand and supply equations, equilibrium price. Elasticity estimation and their practical application
19:30 – 19:45 Break
19:45 – 20:45 Identifying driving factors affecting sales. Forecasting economic variables accounting for trend and seasonality