The ICARE - International Center for Agribusiness Research and Education
invites you to participate in a face-to-face training on
Forecasting Models
conducted by
Lena Mamikonyan
DATES
The 2-day intensive training will take place on May 7-8, 2018.
VENUE
International Center for Agribusiness Research and Education (ICARE)
Address: 74 Teryan Street, 0009 Yerevan.
TIME
18:30 - 20:45 (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.
LEVEL
Intermediate. Participants are not expected to be intimately familiar with forecasting models; however, it is recommended that they have a basic background in statistics (regression analysis) and Microsoft Excel.
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.
TRAINING DESCRIPTION
Forecasting is an important tool at the disposal of managers and business analysts at small and large companies for successful decision-making. In this hands-on training, the participants will familiarize themselves with different quantitative models used to generate forecasts of the objects of interest (for example, GDP, prices, quantity sold, sales, costs, interest rates, exchange rates etc.). This training will focus on different quantitative models for developing deterministic or point forecasts. The forecasting models include regression-based models to capture linear and non-linear trends, structural variation, seasonality, cyclical variation, and random variation.
TARGET AUDIENCE
The purpose of this training is to equip participants with practical skills to assist them in making educated economic decisions in a business context. This training extensively uses regression-based forecasting techniques applied to various sample datasets and is intended for business executives, business consultants, business analysts, economists, policy makers, senior level economics and business students, and other interested parties that do forecasting in any type of production or service industry (banking, consulting, food industry, production, wholesaling/retailing, tourism etc.).
EXPECTED OUTCOMES
After completing this training, participants will be able to:
-
Recognize the patterns (trend, seasonality, cyclical variation, and random variation) displayed by the data;
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Develop various forecasting models;
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Estimate the model (or models), decide on the best model, and interpret the results; and
-
Produce point forecasts.
SOFTWARE
Microsoft Excel will be used.
PRESENTATION METHODS
A combination of PowerPoint presentations and in-class computer exercises will be used (the participants must bring their own notebooks to every session). 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 Armenian National Agrarian University. Currently, she works as an instructor and graduate research and teaching assistant in the Master of Agribusiness (MAB) program at the Armenian National Agrarian University. She assists in teaching graduate courses such as Econometrics and Managerial Economics, and teaches Agribusiness Analysis and Forecasting in the MAB program. Also, she works as a manager of programs at the Union of Credit Organizations of RA (UCORA).
REGISTRATION PROCEDURE AND DEADLINE
If interested, please register for the training by filling out the registration form - https://docs.google.com/forms/d/e/1FAIpQLScBUUt0RmOuKox-ByFy_QFAI1-Jy-wulADtFg5YiMARW92UPQ/viewform?entry.873515260&entry.1169692720&entry.1961643168&entry.1510937848&entry.73930560&entry.1662108857&entry.987096330&entry.1491186791&entry.94625697&entry.580102181&entry.2137075309&entry.1819305337 (in English). Registration deadline is 18:00 pm, May 5th. The seating is limited. ONLY SHORTLISTED APPLICANTS WILL BE NOTIFIED FOR PARTICIPATION.
AGENDA
May 7 |
|
Time |
Topics |
18:30 - 19:30 |
Introduction to forecasting. Trend (linear and non-linear) regression forecasts |
19:30 - 19:45 |
Coffee break |
19:45 - 20:45 |
Structural variation model |
May 8 |
|
Time |
Topics |
18:30 - 19:30 |
Seasonal forecasts using dummy variables Moving average forecasts |
19:30 - 19:45 |
Coffee break |
19:45 - 20:45 |
Seasonal and cyclical forecasts using harmonic regressions Time-series forecasting |