Third-Party Products and Services

Timberlake Consultants

Techniques and Tools for Short-term Macroeconomic Forecasting, March 5-6 2012 (Introductory Course) and March 7-8 (Intermediate Course) at Cass Business School, London, UK.

(Timberlake's description...)

We will review some classic methods and more recent developments for the analysis of time series data in economics, with a special emphasis on their use for forecasting macroeconomic variables. The focus will be more on the empirical implementation of the techniques than on their theoretical underpinnings. The techniques will be illustrated with several empirical applications, and then implemented in EViews.

Introductory Course:

• Forecasting with univariate linear models.
• Forecasting with multivariate linear models.
• Forecast evaluation, comparison and pooling.

Intermediate Course:

• Forecasting with smooth transition and threshold autoregressive models.
• Forecasting with Markov switching models.
• Forecasting with mixed frequency data.

Instructor: Prof. Massimiliano Marcellino, European University Institute, Bocconi University and CEPR

For further details visit http://www.timberlake.co.uk or e-mail training@timberlake.co.uk

Microeconomics with EViews, April 17-18 in Dubai, UAE.

(Timberlake's description...)

This course provides a review and practical guide to a number of microeconometric models and estimators. We focus on panel and count data models and also examine some discrete choice models. The course emphasise two estimators, the instrumental variable estimator, and the Generalised Method of Moments. The objective of the course is to provide a solid introduction to each of the topics, reviewing both the theoretical econometrics and the empirical literature. Each topic discussed is then illustrated with real data examples using EViews. Some of the examples and applications discussed include: the demand for differentiated products in the ready-to-eat cereal industry, flexible substitution patterns in the new car market, foreclosure in subprime mortgages, the number of patents held by firms, the number of children born to a woman.

Instructor: Dr Melvyn Weeks, University of Cambridge

For further details visit http://www.timberlake.co.uk or e-mail training@timberlake.co.uk

The Practice of Econometrics with EViews, July 31 - August 3 at Baruch College, New York, USA. 10-30 April and 17-20 September 2012 at University of Cambridge, UK.

(Timberlake's description...)

This course provides a review and practical guide to several major and popular econometric methodologies used in time-series and panel data analysis. The objective is to provide a practical and systematic approach to econometric modelling and make sense of the vast amount of available econometric techniques. Each methodology discussed is illustrated with real data examples in EViews.

Instructor: Dr Paul Turner, Loughrough University

For further details visit http://www.timberlake.co.uk or e-mail training@timberlake.co.uk

Modelling & Forecasting Exchange Rates, May 14-16 2012. Dubai, UAE

(Timberlake's description...)

The course is designed for colleagues who have some knowledge of exchange rate economics and econometrics and have an interest in econometric modelling and forecasting applied to nominal and real exchange rates. This two-day course is specifically designed to increase delegates’ familiarity with some of the recent developments in econometric modelling and forecasting methods applied to exchange rates. The course will focus on economic models and econometric techniques that will be shown to be particularly useful in the context of exchange rates. Real-world and worked examples will be provided to delegates using EViews. The sessions will be coordinate in such a way that a presentation of ideas and theory is followed immediately by an application with data to show implementation of the idea or theory in practice; in essence, the format is of a sequence of case studies.

Instructor: Professor Lucio Sarno, Cass Business School & Pasquale Della Corte, Warwick Business School

For further details visit http://www.timberlake.co.uk or e-mail training@timberlake.co.uk

An Introduction to EViews Programming, July 30 at Baruch College, New York, USA. August 24 at Cass Business School, London, UK.

(Timberlake's description...)

An introduction to EViews programming to users interested in writing basic to intermediate programs to automate and simplify tasks related to data management, statistics and model building. The course is hands-on and participants will be asked to carry out several exercises.

• FOR-NEXT loops.
• Matrix and Vector objects.
• WHILE-END loops.
• Functions and Subroutines.
• Table objects.
• Optimisation routines.
• IF-THEN-ELSE statements.
• Statistical distribution functions.

Instructor: Dr Paul Turner, Loughrough University

For further details visit http://www.timberlake.co.uk or e-mail training@timberlake.co.uk

East Asia Trading Company

Econometrics I, January 19th - 20th, in Singapore.

(EATC's description...)

This course focuses on learning and practicing basic econometrics with emphasis on the practice and less emphasis on deep econometric theory. The main purposes of the seminar are to introduce econometric theory at a very basic level and to let you apply the methods with the use of real world data. The topics to be covered include:

• Review of statistics.
• Simple regression.
• Multiple regression.

For further details visit http://www.eastasiatc.com.sg or e-mail enquiry@eastasiatc.com.sg

Econometrics II, February 23rd - 24th, in Singapore.

(EATC's description...)

This course is an extension of Econometrics I. It focuses on learning and practicing econometrics with emphasis on the practice and less emphasis on deep econometric theory. The main purposes of the seminar are to introduce econometric theory at a intermediate level and to let you apply the methods with the use of real world data. . The topics to be covered include:

• Heteroskedasticity.
• Serial correlation.
• Disturbance distribution.
• Endogenous regressors.

For further details visit http://www.eastasiatc.com.sg or e-mail enquiry@eastasiatc.com.sg

Econometrics III, April 12th - 13th, in Singapore.

(EATC's description...)

This course will present an advanced treatment of econometric principles for time series and dynamic models data sets. The course will focus on modern econometric techniques, addressing both technical derivations and practical applications. Applications in the areas of microeconomics, macroeconomics and finance will be considered. The topics to be covered include:

• Models for stationary time series.
• Trends and seasonals.
• Regression models with lags.
• Vector autoregressive models.

For further details visit http://www.eastasiatc.com.sg or e-mail enquiry@eastasiatc.com.sg

Textbooks

The following textbooks use EViews examples as a teaching tool. They are available bundled with the EViews 6 Student Version.

• Hill, R. Carter, William E. Griffiths, and Guay C. Lim (2008). Using EViews for Principles of Econometrics, 3rd Edition. John Wiley & Sons, Inc. (368 pages - ISBN: 0-471-78711-2, http://www.wiley.com). (This study guide is designed to accompany the Hill-Griffiths-Lim textbook Principles of Econometrics, 3rd Edition, ISBN: 978-0-471-72360-8.)
• Studenmund, A. H. (2006) Using Econometrics: A Practical Guide, 5th Edition, with EViews 6 Student Version software. Addison-Wesley (ISBN: 0-201-71519-8, http://www.mypearsonstore.com/bookstore/product.asp?isbn=0321316495).
• Diebold, Francis X. (2007). Elements of Forecasting, 4th Edition, with EViews 6 Student Version software. Thomson/South-Western (458 pages - ISBN: 0-324-32359-X, http://www.thomsonedu.com.

The following textbooks use EViews examples as a teaching tool. They are available bundled with the EViews 4.1 Student Version.

• Gujarati, Damodar N. (2002). Basic Econometrics, 4th Edition, with EViews 4.1 Student Version software. McGraw-Hill Higher Education Publishing (1002 pages - Book ISBN: 0-072-56570-5, EViews Package ISBN: 0-072-47852-7, http://www.mhhe.com/economics/gujarati4).
• Gujarati, Damodar N. (2006). Essentials of Econometrics, 3rd Edition, with EViews 4.1 Student Version software. McGraw-Hill Higher Education Publishing (553 pages - Book ISBN: 0-072-97092-8, EViews Package ISBN: 0-073-13851-7, http://www.mhhe.com/economics/gujaratiess3.
• Schmidt, Stephen J. (2005) Econometrics, with EViews 4.1 Student Version software. McGraw-Hill Higher Education Publishing (427 pages - Book ISBN: 0-079-98316-7, Book+EViews Package ISBN: 0-074-25489-8, http://highered.mcgraw-hill.com/sites/0072535237/information_center_view0).

Other Books

The following books use EViews to generate tables, graphs and examples. EViews routines for selected examples may also be provided in the book.

• Favero, Carlo A. (2001). Applied Macroeconometrics. Oxford University Press (280 pages - ISBN: 0-19-877583-0 (Hardback), 0-19-829685-1 (Paperback)).
• Godley, Wynne and Marc Lavoie (2006). Monetary Economics: An Integrated Approach to Credit, Money, Income, Production and Wealth. Palgrave MacMillian (576 pages - ISBN: 0-23-050055-2 (Hardback)). EViews examples: http://gennaro.zezza.it/software/eviews/gl2006.php.
• Seiler, Michael J. (2004). Performing Financial Studies: A Methodological Cookbook. Prentice Hall (432 pages - ISBN: 0-13-047981-0).
• Vogelvang, Ben (2005). Econometrics Theory and Applications with EViews. Pearson Education (363 pages - ISBN: 0-273-68374-8).
• Heij, Christiaan, Paul de Boer, Philip Hans Franses, Teun Kloek, and Herman K. van Dijk (2004). Econometric Methods with Applications in Business and Economics. Oxford Press (780 pages - ISBN: 13: 978-0-19-926801-6)

• Datastream (http://www.thomsonreuters.com) - Datastream offers access to an unrivaled set of historical financial content that allows users to investigate the correlations and relationships of global economic indicators and asset classes. You have the ability to blend together different content sets and better understand how indicators in one field impact another.

• EcoWin - The EcoWin Economic & Financial database contains more than 180,000 series and consists of global economic and financial data covering more than 100 countries worldwide, as well as aggregates such as: Euro Zone, Europe, Africa, Americas and World. Data are collected from more than 700 primary sources: national statistical offices, central banks, financial exchanges, and private institutes, as well as other data sources.

  EcoWin add-on databases include data from: Bank of England, Bundesbank, Bureau of Economic Analysis, Bureau of Labor Statistics, I-N Information Systems, NIER Sweden databases, OECD databases, Statistics Denmark, Dow Jones equity Indices, Financial Times Equities and Funds, Zacks, etc.

  Direct access to all of the EcoWin database requires the EViews Enterprise Edition.

• FactSet (http://www.factset.com) - FactSet Research Systems is a leading provider of global financial and economic information. FactSet combines hundreds of databases from industry-leading suppliers and clients' own proprietary data into a single powerful information system. With EViews, FactSet users can access any time series data to which they currently have a subscription.

  Users must upgrade to EViews 6 in order to access FactSet data.

• Haver Analytics (http://www.haver.com) - Haver Analytics specializes in database and software products for economic analysis and business decision-making. Haver Analytics maintains more than 150 economic and financial databases from over 550 government and private sources. Databases cover the U.S., states, metro areas and counties, Canada, Europe, Japan, Australia, New Zealand, China and other emerging markets. Haver Analytics is the sole provider of Oil & Gas Journal Energy Database and also maintains key third party data including forecast databases covering the world economies.

  Three of Haver Analytics' databases are offered in EViews format directly from IHS EViews. Specifically: U.S. Economic Statistics (USECON) for broad U.S. economic and financial data, U.S. National Accounts (USNA) which offers detailed U.S. national income and product accounts and US1+, a database of 750 series covering important economic and financial indicators. These databases are delivered on CD-ROM.

  Alternately, up-to-the-minute data for all 150+ Haver databases can be used directly in the EViews Enterprise Edition with delivery from Haver via the DLX® software.

• IHS Global Insight (http://www.globalinsight.com) - IHS Global Insight offers a variety of economic, financial, and industrial level databases. For example, IHS Global Insight offers DRI Basic Economics, which consists of data series on finance & banking, national income accounts, prices, labor statistics, manufacturing, construction & trade, industrial production, capacity & productivity, etc.

• Moody's Economy.com (http://www.economy.com) - Economy.com provides economic, financial and demographic time series from around the world.