IHUZO eBusiness Academy

The Econometrics course equips interns with advanced skills in using statistical methods and mathematical models to analyze and quantify economic data. Participants will learn to estimate relationships between economic variables, examine cause-and-effect connections, and make predictions using econometric models within real-time scenarios. By the end of the program, interns will have mastered diagnostic testing, model estimation, and the application of econometric techniques to real-world economic data.

Learning Objectives:

Upon completing the program, interns will be able to:

• Perform diagnostic tests and calculate relevant statistics.
• Manage probability models and understand their implications.
• Estimate models for time series data and analyze temporal relationships.
• Establish connections between economic theory and empirical analysis.
• Handle and analyze data for linear models estimation.
• Derive Ordinary Least Squares (OLS) parameters and interpret results.

Target Group:

This course is designed for interns aspiring to become skilled econometricians capable of applying advanced statistical techniques to economic data analysis. It is suitable for those seeking proficiency in model estimation, hypothesis testing, and economic relationship quantification.

What They Will Learn:

Participants will learn to:

• Distinguish between econometrics, economic models, and econometric models.
• Analyze different types of economic data: cross-sectional, time series, pooled cross-sections, and panel data.
• Understand the nuances of causation versus correlation in econometrics.
• Interpret and apply simple and multiple regression models.
• Perform statistical inference in regression analysis and hypothesis testing.
• Grasp concepts of OLS asymptotics and variable transformations.

Certifications

• Training course certificate