Why this course?
This course provides a unique opportunity for executives to benefit from the expertise of both NIESR and the University of Warwick in order to facilitate better forecasting.
NIESR has been the leading macroeconomic, social research and forecasting institute in the UK since 1938. Their mission is to understand the economic and social forces that affect people's lives and seek ways in which policy can bring about change. They are a thriving research hub, collaborating with the University of Warwick and other leading universities and research centres to understand and analyse issues relevant to society.
They are also home of the Economic Statistics Centre of Excellence and the Rebuilding Macroeconomics Network, which deliver ideas and innovation to the analysis of data and its bearing on policy making and also home to NiGEM.
NiGEM is a transparent, peer reviewed, global econometric model based on real economic data with over 60 countries and regions modelled. It is used by many European Central Banks and international organisations such as the OECD. They provide customised, flexible forecasting, economic scenarios, support and training.
NIESR is independent of all political parties and large private donors and their experts and their research are regularly called upon in the public debate.
Warwick is a leading Russell Group University, widely recognised as a world leader in research and education. Warwick's Economics Department is top 5 in all major league tables. The Department is also ranked in the top 25 in the world.
The benefits - on leaving this course you will:
- understand how forecasts are constructed
- produce simple model-based forecasts
- understand the sensitivity of forecasts to surprises
- communicate the risks to senior stakeholders in businesses and govrenment.
Excellent course organisation and excellent qualified instructors”Past participant
The overview of NiGEM was really good as well as the introductory day on forecasting (with the risks surrounding forecasts and why they are useful)"Past participant