Econometric Analysis Using Stata Training Course

Econometric Analysis Using Stata Training Course

This intensive five-day training course is designed to equip participants with the fundamental principles and practical skills of econometric analysis using the statistical software Stata. Participants will learn how to apply econometric techniques to analyze economic and social science data, build and interpret regression models, test hypotheses, and diagnose model adequacy, enabling them to conduct rigorous empirical research and inform policy and business decisions.

The course will cover a range of essential topics, including an introduction to Stata and data management, the simple linear regression model, multiple linear regression, hypothesis testing and confidence intervals, violations of ordinary least squares (OLS) assumptions (heteroskedasticity, autocorrelation, multicollinearity), panel data analysis (fixed and random effects), instrumental variables estimation, time series analysis basics (stationarity, ARIMA models), limited dependent variable models (logit, probit), and model specification and diagnostic testing. Through hands-on exercises and real-world case studies using Stata, participants will gain practical experience in applying econometric methods to address empirical questions.

Who should attend the training

  • Economists
  • Social scientists
  • Policy analysts
  • Researchers
  • Graduate students
  • Market analysts
  • Financial analysts
  • Anyone who needs to analyze data using econometric techniques

Objectives of the training

  • Become proficient in using Stata for econometric analysis.
  • Understand the principles and assumptions of linear regression models.
  • Learn how to build and interpret simple and multiple linear regression models.
  • Master hypothesis testing and the construction of confidence intervals.
  • Identify and address violations of OLS assumptions.
  • Apply panel data techniques using fixed and random effects models.
  • Understand and implement instrumental variables estimation.
  • Gain a basic understanding of time series analysis and ARIMA models.
  • Analyze data using limited dependent variable models.
  • Learn how to perform model specification and diagnostic tests.

Personal benefits

  • Enhanced skills in econometric analysis and statistical modeling.
  • Increased proficiency in using Stata for data analysis.
  • Improved ability to conduct rigorous empirical research.
  • Greater understanding of economic and social phenomena through data analysis.
  • Expanded career opportunities in research, policy, and analysis roles.

Organizational benefits

  • Improved quality of data-driven decision-making.
  • Enhanced capacity for rigorous empirical research and analysis.
  • Better understanding of economic and social trends and relationships.
  • More effective policy evaluation and forecasting.
  • Increased efficiency in data analysis workflows using Stata.

Training methodology

  • Interactive lectures and presentations with clear explanations of econometric concepts
  • Extensive hands-on Stata sessions using real-world datasets
  • Step-by-step guidance on data manipulation, model estimation, and interpretation in Stata
  • Practical session: Importing data into Stata and performing basic data exploration.
  • Case studies illustrating the application of econometric techniques
  • Practical session: Estimating and interpreting simple and multiple linear regression models in Stata.
  • Group exercises on hypothesis testing and model diagnostics
  • Practical session: Testing hypotheses and diagnosing OLS violations in Stata.
  • Interpretation of Stata output and statistical results
  • Practical session: Implementing fixed and random effects models for panel data in Stata.

Trainer Experience

Our trainers are seasoned economists and data analysts with extensive experience in econometric analysis and Stata programming. They bring a wealth of knowledge from both academic and industry perspectives and are dedicated to providing a high-quality learning experience.

Quality statement

We are committed to delivering top-notch training that meets the highest standards of quality. Our courses are designed to be engaging, informative, and practical, ensuring participants can apply their newfound skills immediately.

Course duration: 5 days

Training fee: USD 1300

Module 1: Introduction to Stata and Data Management

  • Getting started with Stata: interface and basic commands
  • Importing and exporting data in various formats
  • Data exploration and descriptive statistics
  • Creating and modifying variables
  • Working with different data types
  • Practical session: Importing data into Stata and performing basic data exploration.

Module 2: Simple Linear Regression Model

  • The concept of linear regression
  • Ordinary Least Squares (OLS) estimation
  • Interpreting regression coefficients
  • Measures of goodness of fit (R2 and adjusted R2)
  • Standard errors and t-statistics
  • Practical session: Estimating and interpreting simple linear regression models in Stata.

Module 3: Multiple Linear Regression

  • The multiple linear regression model
  • Interpreting coefficients in multiple regression
  • Hypothesis testing for individual coefficients and joint hypotheses (F-test)
  • Dummy variables and their interpretation
  • Interactions between variables
  • Practical session: Estimating and interpreting multiple linear regression models in Stata.

Module 4: Hypothesis Testing and Confidence Intervals

  • Setting up null and alternative hypotheses
  • Type I and Type II errors
  • p-values and significance levels
  • Constructing confidence intervals for regression coefficients
  • Performing t-tests and F-tests in Stata
  • Practical session: Testing hypotheses about regression coefficients using Stata.

Module 5: Violations of Ordinary Least Squares (OLS) Assumptions

  • Heteroskedasticity: detection (Breusch-Pagan, White's test) and correction (robust standard errors, weighted least squares)
  • Autocorrelation: detection (Durbin-Watson test) and correction (Newey-West standard errors)
  • Multicollinearity: detection (VIF) and potential remedies
  • Practical session: Testing for and addressing heteroskedasticity and autocorrelation in Stata.

Module 6: Panel Data Analysis: Fixed Effects Models

  • Introduction to panel data structures
  • The fixed effects (within) estimator
  • Interpreting coefficients in fixed effects models
  • Testing for fixed effects
  • Applications of fixed effects models
  • Practical session: Implementing fixed effects models for panel data in Stata.

Module 7: Panel Data Analysis: Random Effects Models

  • The random effects (between) estimator
  • Interpreting coefficients in random effects models
  • Testing for random effects (Breusch-Pagan test)
  • Choosing between fixed and random effects (Hausman test)
  • Applications of random effects models
  • Practical session: Implementing random effects models for panel data in Stata.

Module 8: Instrumental Variables Estimation

  • The problem of endogeneity
  • Introduction to instrumental variables (IV)
  • Finding valid instruments
  • Two-stage least squares (2SLS) estimation in Stata
  • Testing for instrument validity (Sargan test)
  • Practical session: Implementing instrumental variables estimation in Stata.

Module 9: Introduction to Time Series Analysis

  • Basic time series concepts: stationarity, trend, seasonality
  • Autocorrelation and partial autocorrelation functions (ACF and PACF)
  • Testing for stationarity (ADF test)
  • Introduction to ARIMA models (basic concepts)
  • Practical session: Examining ACF and PACF plots and testing for stationarity in Stata.

Module 10: Limited Dependent Variable Models

  • Binary dependent variables
  • The logit model: estimation and interpretation
  • The probit model: estimation and interpretation
  • Marginal effects
  • Prediction and classification
  • Practical session: Estimating and interpreting logit and probit models in Stata.

Requirements:

·       Participants should be reasonably proficient in English.

·       Applicants must live up to Armstrong Global Institute admission criteria.

Terms and Conditions

1. Discounts: Organizations sponsoring Four Participants will have the 5th attend Free

2. What is catered for by the Course Fees: Fees cater for all requirements for the training – Learning materials, Lunches, Teas, Snacks and Certification. All participants will additionally cater for their travel and accommodation expenses, visa application, insurance, and other personal expenses.

3. Certificate Awarded: Participants are awarded Certificates of Participation at the end of the training.

4. The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.

5. Approval of Course: Our Programs are NITA Approved. Participating organizations can therefore claim reimbursement on fees paid in accordance with NITA Rules.

Booking for Training

Simply send an email to the Training Officer on training@armstrongglobalinstitute.com and we will send you a registration form. We advise you to book early to avoid missing a seat to this training.

Or call us on +254720272325 / +254725012095 / +254724452588

Payment Options

We provide 3 payment options, choose one for your convenience, and kindly make payments at least 5 days before the Training start date to reserve your seat:

1. Groups of 5 People and Above – Cheque Payments to: Armstrong Global Training & Development Center Limited should be paid in advance, 5 days to the training.

2. Invoice: We can send a bill directly to you or your company.

3. Deposit directly into Bank Account (Account details provided upon request)

Cancellation Policy

1. Payment for all courses includes a registration fee, which is non-refundable, and equals 15% of the total sum of the course fee.

2. Participants may cancel attendance 14 days or more prior to the training commencement date.

3. No refunds will be made 14 days or less before the training commencement date. However, participants who are unable to attend may opt to attend a similar training course at a later date or send a substitute participant provided the participation criteria have been met.

Tailor Made Courses

This training course can also be customized for your institution upon request for a minimum of 5 participants. You can have it conducted at our Training Centre or at a convenient location. For further inquiries, please contact us on Tel: +254720272325 / +254725012095 / +254724452588 or Email training@armstrongglobalinstitute.com

Accommodation and Airport Transfer

Accommodation and Airport Transfer is arranged upon request and at extra cost. For reservations contact the Training Officer on Email: training@armstrongglobalinstitute.com or on Tel: +254720272325 / +254725012095 / +254724452588

 

Instructor-led Training Schedule

Course Dates Venue Fees Enroll
Sep 15 - Sep 19 2025 Zoom $1,300
Oct 06 - Oct 10 2025 Nairobi $1,300
Nov 10 - Nov 14 2025 Kigali $1,300
Sep 15 - Sep 19 2025 Dubai $1,300
Oct 20 - Oct 24 2025 Johannesburg $1,300
Oct 27 - Oct 31 2025 Mombasa $1,300
Sep 22 - Sep 26 2025 Cape Town $1,300
Sep 29 - Oct 03 2025 Pretoria $1,300
Oct 13 - Oct 17 2025 Kisumu $1,300
Nov 10 - Nov 14 2025 Naivasha $1,300
Jan 12 - Jan 16 2026 Arusha $1,300
Sep 22 - Sep 26 2025 Zoom $1,300
Sep 22 - Sep 26 2025 Nanyuki $1,300
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