Macroeconometric Forecasting: Modeling Inflation and Growth

Economic stability depends on the ability to anticipate changes in growth, inflation, and employment. This course provides a clear path to understanding how professional analysts use data to look ahead and inform decision-making. By the end of this course, you will be able to construct, test, and refine macroeconometric models that turn historical data into meaningful future projections. You will gain the skills to interpret model outputs and communicate the uncertainty inherent in economic predictions. What you'll learn: - Understand the core concepts of macroeconomic time-series and data properties - Build forecasting models for key economic indicators like GDP and consumer price indices - Apply rigorous evaluation methods to test the accuracy and bias of your forecasts - Practice modern data preparation techniques and handle seasonal adjustments - Learn to integrate scenario analysis to account for policy shifts or external shocks - Implement automated forecasting workflows using modern data analysis principles The curriculum starts with foundational definitions and statistical theory before moving into practical model construction and validation techniques. This course is created for beginners in economics or data analysis who want to understand the mechanics of economic prediction without any prior forecasting experience. Begin your journey into the world of economic forecasting and model building.