We would all like to have a clearer idea of what the future holds so that we can make better decisions today. That is why governments, central banks and businesses make use of economic forecasts as a guide to policymaking, investment appraisal and planning.
We also recognise, however, that there are the limits to how well the future can be predicted. NIESR (National Institute of Economic and Social Research) has been publishing its economic forecasts since November 1963 and has learnt that the forecast process is inherently subject to large surprises. That does not invalidate the need for forecasts. Rather, it obliges reputable forecasters to set out in advance the scope for forecast errors by use of uncertainty or scenario plots so that users know how to interpret them.
This short Executive Course will provide a guide to producing and interpreting economic forecasts by means of economic models. Participants will be guided by NIESR staff and by other recognised international experts in forecasting. By the end of the course they will be able to produce simple model-based forecasts themselves, understand the sensitivity of forecasts to surprises, and be able to communicate the risks to senior stakeholders in business and government.
Dates: Monday 11 - Wednesday 13 December 2017
Location: Stanley Building, 7 Pancras Square, London, N1C 4AG
For full details visit https://www.niesr.ac.uk/warwick-london-economic-forecasting-niesr
NIESR are pleased to offer SBE members a 20% and further discounts available on group bookings.