Economic Forecasting

This course will provide an introduction to economic forecasting using modern techniques and methods. With the increasing globalization of financial markets, economic forecasting has taken on added importance, not just for assessing the US economy, but also for examining economies abroad. The focus on this course is on quantitative modeling skills for economic variables ranging from high level metrics like GDP to industry specific metrics like bad loans.

Course Objectives

By the end of the course, the participants will be able to:

• Recognize the importance and role of economic forecasting in modern finance
• Identify the key factors to consider when evaluating an economic model
• Select determinants of economic outcomes from a list of potential variables
• Build models to forecast economic variables of interest
• Critically evaluate existing economic models used in stress tests and other macroeconomic scenario analysis
• Identify key risk issues in any given macroeconomic model

Suggested Prerequisites: None

Program Level:Foundational

Advance Preparation: None

Computers and Financial Calculators: N/A

Recommended CPE Credits: 7