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Training - Application of Econometric Models Using STATA for Addressing Economic Questions, ICARE, Yerevan

Organization:

Deadline:

March 17, 2015

Event Date:

March 19, 2015, 18:30 - March 21, 2015, 15:15

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International Center for Agribusiness Research and Education invites you to
participate in a videoconference training on
“Application of Econometric Models Using STATA for Addressing Economic Questions”
conducted by
Rafael Bakhtavoryan, Ph.D.

Dates and venue

The 2-day intensive training will take place on March 19th and 21st at the International Center for Agribusiness Research and Education (ICARE).

Address: 74 Teryan Street, 0009 Yerevan.

Time

March 19 from 18:30-20:45
March 21 from 13:00-15:15
(A coffee break is included.)

Working language

The working language of the training will be Armenian; however, the PowerPoint slides will be in English.

Level

Intermediate

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  

Software

The STATA 10 statistical software package will be used. A copy of the complete STATA 10 with all the functionality and capabilities will be installed on your notebook by the training organizers before the start of the training free of charge.

Presentation method

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.

Registration procedure and deadline

If interested, please register for the training by filling out the registration form (available at: http://icare.am/uploaded_files/Registration_Form_n.doc) and email it to the training coordinator, Lena Mamikonyan at lenamamikonyan@gmail.com. Registration deadline is 18:00 pm, March 17th. The seating is limited. ONLY SHORTLISTED APPLICANTS WILL BE NOTIFIED FOR PARTICIPATION.

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.

Trainer

Dr. Bakhtavoryan received his Ph.D. in Applied Economics from Texas A&M University. Currently, he works as an Assistant Professor at Texas A&M University-Commerce, United States. Also, he teaches graduate courses, such as Econometrics, Managerial Economics, and Agribusiness Analysis and Forecasting, in the Master of Agribusiness (MAB) program at the Armenian National Agrarian University. Dr. Bakhtavoryan has worked as a Post-Doctorate Research Associate at the Agribusiness, Food, and Consumer Economics Research Center at Texas A&M University. His research interests lie in the areas of consumer demand analysis, applied econometrics, food safety, and forecasting. He has extensive experience in conducting trainings in Armenia (at Baker Tilly Armenia, ICARE). 

 

Contacts

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

Agenda

March 19th

Topics

-Basics of STATA

-Basic correlation and regression analysis

 

 

March 21st

Topics

-How much to produce?

-Estimating demand and supply equations, equilibrium price

-Elasticity estimation and their practical application

-Identifying driving factors affecting sales

-Forecasting economic variables accounting for trend and seasonality

 

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