An Interactive 5-Day Training Course
Practical Econometrics for Managerial Decision Making
Developing Insights from Multivariate Models and Analysis
Course Overview
This Practical Econometrics for Managerial Decision Making training course focuses on performing high-level multivariate econometric analysis using a range of business and economic data - with an emphasis on design, analysis, and drawing sound inferences to support strategic and operational decision-making. It's no longer specialty PhDs with $10,000 software packages doing high-end econometrics.
This training course dispels all the myths and misconceptions about intuitive multivariate modeling and analysis, making it practical-accessible for all managers using inexpensive software applications that work within industry standard Excel spreadsheets.
This GLOMACS training course will highlight:
- Working with a range of multivariate models, variables, and statistical output
- Modeling and hypothesis design, variable-selection, and managing big-data
- Developing original research projects, relational hypotheses, and parameters for inferences
- Understanding benefits and costs of primary data vs. secondary data for research
- Use of cross-sectional, time-series, longitudinal, and pooled cross-sectional data sets
- Comparing original research output with published research results on various topics
- Critical review, analysis, and critique of research models, methods, and conclusions drawn
Training Objectives
At the end of this training course, you will learn to:
- Design-produce an original research study
- Collect and format various types of data
- Perform different models of multivariate econometric analyses
- Analyze detailed statistical output from econometric model-software
- Draw inferences to support high-level managerial decision-making
- Write a detailed, yet succinct, executive summary of research findings
Who should Attend?
This GLOMACS Practical Econometrics for Managerial Decision Making training course is suitable to a wide range of professionals but will greatly benefit:
- Research and Development / Product Development Teams looking for direct connections
- Business Development Staff looking to proactively open up new opportunities
- Financial Officers looking to design-execute original finance-accounting econometric research studies
- Revenue Officers looking to develop new forms and insights for marketing and competition research
- Board Members looking to fully monetize Big Data for the shareholders / stakeholders
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
Training Outline
DAY 1: Overview of Contemporary Econometrics and Decision Models
- Model Design, Hypotheses, Variables, Structure, Outcomes
- Quantitative and Qualitative Inputs
- Applications: From Wall Street to Marketing to Production to Consumer Behavior
- Software Options
- Linking Models and Confirmation Metrics
DAY 2: Understand Different Forms and Types of Research Data
- Cross Sectional Samples
- Time Series Sequences
- Longitudinal Tracking
- Pooled Cross-Sectional Aggregation
- Primary Data Costs and Acquisition
- Secondary Data Costs and Acquisition
- Descriptive Outcomes vs. Predictive Outcomes
- Dummy Variables / Indicators / Surrogates
DAY 3: Model and Hypothesis Design as Keys to Managing Big Data
- Targeted Outcomes Determine Input Formations
- Single-Variable vs. Multi-Variable Descriptors and Predictors
- Punctuated Trending vs. Real-time Fluidity
- Static Formations vs. Dynamic-Changing-Active Learning Models
- Correlation and Association vs. Cause-And-Effect
- Building Real Models for Delegates’ Firms, Industries, Markets
DAY 4: Designing Original Models for Your Firm, Competitive Market, and Industry
- Categorizing Decision Areas and Coordinating Data Availability
- Micro-economic vs. Macro-economic Decisions
- Indicators, Lagged Variables, Barometers / Bellwethers
- Running Several Rounds of Differing Regressions
- Managing Databases of Targeted Variables
- Problems of Multi-collinearity
- Problems of Autocorrelation
DAY 5: Presenting and Evaluating-Critiquing Original Econometric Findings
- Drawing Inferences Rather than Conclusions
- Caveats of Explaining Variance
- Individual and Team Presentations and Discussion-Interaction-Critique
- Confidence Intervals in Econometric Forecasts
- Packaging Analysis-results for Optimum Explanation
- Problems with Overreach from Statistical Outputs
- Personal-Managerial Bias Impacts Interpretation
- Distilling Data Output into Actionable Intel
- Disseminating Data Output for Maximum Decision Making Impact
Certificates
- On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
Providers and Associations
Sessions in international locations
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