THE ARAB MONETARY FUND, IN COOPERATION WITH THE CENTRAL BANK OF ENGLAND, ORGANIZES A REMOTE TRAINING COURSE ON "ECONOMETRIC MODELING"

by **claud39** Tue Feb 16, 2021 2:37 pm

THE ARAB MONETARY FUND, IN COOPERATION WITH THE CENTRAL BANK OF ENGLAND, ORGANIZES A REMOTE TRAINING COURSE ON "ECONOMETRIC MODELING"
2021-02-15

Abu Dhabi - United Arab Emirates

The online training course on " Econometric Modeling " organized by the Training and Capacity Building Institute of the Arab Monetary Fund in cooperation with the Central Bank of England opened today , during the period 15-25 February 2020.

The increasing importance of econometrics is highlighted in adopting effective methods of macroeconomic management, and among the most important of these methods is what depends on quantitative analysis of the relationships between different economic variables, which in turn contributes more effectively to testing economic theory in terms of the assumptions based on it and the extent to which it can be applied in reality .

The use of the "econometric" approach in scientific research and analysis of economic conditions has become one of the main pillars that researchers adopt to find appropriate solutions to many economic issues, as interest in and reliance on them has increased greatly in many economic, financial and social fields.

From this standpoint, the Arab Monetary Fund responded by organizing this training course stemming from the needs of the Arab member states within the framework of the Arab Statistics Initiative "ArabStat", with the aim of developing the capabilities of the participants through advanced quantitative methods, applied to realistic data using specialized statistical software.

On this occasion, in the speech of His Excellency Dr. Abdul Rahman bin Abdullah Al Hamidi, Director General and Chairman of the Board of Directors of the Arab Monetary Fund:

(Text)

Sisters and Brothers

It gives me pleasure to welcome you all at the beginning of the online training course on " econometric modeling " organized by the Training and Capacity Building Institute of the Arab Monetary Fund in cooperation with the Central Bank of England, hoping that the course topics will contribute to enhancing your technical capabilities to use standard models to study economic phenomena and contribute to Enriching the analytical aspect to test different economic theories, help in policy-making and support the decision-making process

Sisters and Brothers

The increasing importance of econometrics is highlighted in adopting effective methods of macroeconomic management, and among the most important of these methods is what depends on quantitative analysis of the relationships between different economic variables, which in turn contributes more effectively to testing economic theory in terms of the assumptions based on it and the extent to which it can be applied in reality .

The use of the "econometric" approach in scientific research and analysis of economic conditions has become one of the main pillars that researchers adopt to find appropriate solutions to many economic issues, as interest in and reliance on them has increased greatly in many economic, financial and social fields.

From this standpoint, the Arab Monetary Fund responded by organizing this training course stemming from the needs of the Arab member states within the framework of the Arab Statistics Initiative "ArabStat", with the aim of developing the capabilities of the participants through advanced quantitative methods, applied to realistic data using specialized statistical software.

Sisters and Brothers

With the increase in interdependence and integration between the different economies and in light of the rapid changes taking place in the global economy, and what the economic conditions can devise in light of the current data and the policies taken, it has become necessary to rely on accurate methods to obtain good analytical results for the current and future situation, and these are essential matters That made the econometric economy expand steadily so that the innovative tools through it would be an important part in the framework of economic policy development.

One of the most important goals of the course is to raise efficiency in preparing standard models to be employed in economic analysis, thus supporting decision-makers in developing more comprehensive and accurate frameworks for policies and measures taken, as the course focuses on the following main axes:

Regression models for time series focusing on stability of variables and moving averages.
Models tests for stability of variables and cointegration.
Self-regression, and structural self-regression vector models.

Sisters and Brothers

In conclusion, I am pleased to welcome the distinguished experts participating in presenting the course materials, and I can only commend the fruitful and continuous cooperation with the Central Bank of England in holding such important training courses that many cadres in our Arab countries benefit from.

Best wishes to everyone for a successful and successful session.

Peace, mercy and blessings of God.

https://www.amf.org.ae/ar/content/%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%A7%D9%84%D9%86%D9%82%D8%AF-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A-%D8%A8%D8%A7%D9%84%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D9%85%D8%B9-%D8%A8%D9%86%D9%83-%D8%A7%D9%86%D8%AC%D9%84%D8%AA%D8%B1%D8%A7-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%8A%D9%86%D8%B8%D9%85-%D8%AF%D9%88%D8%B1%D8%A9-%D8%AA%D8%AF%D8%B1%D9%8A%D8%A8%D9%8A%D8%A9-%D8%B9%D9%86-%D8%A8%D8%B9%D8%AF-%D8%AD%D9%88%D9%84-%D9%86%D9%85%D8%B0%D8%AC%D8%A9