training programme on econometric


Objective of the Programme

The objective of the course is to impart training in statistics and econometrics for carrying out robust quantitative analysis. The course will consist of two modules, one focused on cross section analysis and the other on time series analysis. The course will also emphasize application and implementation. To this extent, the usefulness of the quantitative techniques will be illustrated using real world examples and its implementation will be demonstrated using relevant software programs. To facilitate understanding, there will be practice problems and quizzes. It is hoped that at the end of the course, participants should be able to carry out robust empirical analysis to address applied problems.



Cross Section Econometrics

    • Introduction, Data Collection, Basic Statistics and Statistical Inference
    • The Classical Linear Regression Model, Inference and Hypothesis Testing, Prediction, Special Topics.
    • Problems in Econometric Estimation and Possible Solutions
    • Introduction to SAS
    • Dummy Variables, Functional Forms and Model Choice
    • Analysing Qualitative Data: Discrete and Qualitative Response Models
    • Estimating a Group of Equations: Seemingly Unrelated Regression Models and Simultaneous Equation Models.
    • Panel Data Models


Time Series Econometrics

    • Introduction and Overview: Stochastic Models and Forecasting
    • Stationary stochastic processes
    • Non-stationary processes
    • Permanent and Transitory components and trend-cycles decomposition
    • Modelling Volatility
    • Spectral Analysis
    • Analysing seasonality in time series
    • Auto-regressive distributed lag models (ARDL)
    • Covariance Stationary Vector processes (VAR)
    • Structural VAR
    • Cointegration



Persons working in Research Department of Regulators, Banks and other Financial Institutions and others involved in Data Analysis and Forecasting


Date of commencement

Batch I – June 18, 2015
Batch II – June 19, 2015
Both the batches will get total of 14 days of classes. Batch 1 will meet every Thursday and Batch 2 will meet every Friday for 14 weeks.


NISM Premises, Vashi, Navi Mumbai


Mr. Jitendra Kumar, Member of Faculty, NISM
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Contact no. (022) 66735160

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