FDP - Application of Econometrics in Research.

CMS Business School, Jain (Deemed-to-be University) conducted a 3-Days FDP on “Application of Econometrics in Research” in collaboration with The Indian Econometric Society (TIES) from 3 October to 5 October 2019. It was coordinated by Dr. Ajay Massand and Dr. Uma M.H. There were thirty-four participants from various parts of the country including NIT Karnataka, NIT Trichy, Loyola College Chennai, Pandit Deendayal Petroleum University Gujarat, Central University of Tamilnadu, Kannur University, North Orissa University, P.E.S. College of Engineering Mandya, CHRIST (Deemed-to-be University), and many more. The resource persons were, Prof. Dr. S. Madheswaran Professor and Head at Centre for Economic Studies and Policy, Institute for Social and Economic Change (ISEC), Bangalore, Dr. K. Shanmugan, Associate Professor at the Department of Business Economics, MS University, Baroda, and Dr. Raja Sethu Durai, Associate Professor in School of Economics at University of Hyderabad.

Day 1 – Fundamentals of Econometric Modelling
The day started with Dr. N Chandrasekhar, Dean, Executive Education, CMS Business School inaugurating the program, followed by a welcome by Dr. Harold Andrew Patrick, Dean, and CMS Business School. The speaker, Dr. K Shanmugan, was introduced by Dr. Uma M.H.
After the inauguration, the facilitator Dr. K Shanmugan started the first session on the Introduction of Econometric Modelling, followed by the 2nd session by Prof. Dr. S Madheswaran on Economic Inferences. Post lunch, the 3rd session of the day was facilitated by Dr. K Shanmugan on Theoretical Applications of Econometrics. The last session of the day was a Hands-on training session by Dr. K Shanmugan.

Day 2 – Issues in Cross-Sectional, Time-Series and Simultaneous Equation Models
The first session of Day 2 started at 9:00 AM by Dr. S Madheswaran on Multicollinearity and Heteroscedasity followed by a session on Autocorrelation by Prof. Dr. S Madheswaran. After the lunch break, a session on Specification Problem and Simultaneous Equation Models by Dr. K Shanmugan was followed by the Hands-on Training session.

Day 3 – Theory and Applications of Time-Series Modelling
The last day’s sessions, all facilitated by Dr. Raja Sethu Durai, started with Introduction to Time-Series Modelling and ARIMA Models followed by Co-integration, Error Correction Models, and Applications. Post lunch, a session on VAR Models and Application were held followed by Volatility Modelling and Applications.

Dr. Ajay Massand was the M.C. for the Valedictory, program. The valedictory message was delivered by Dr. K Shanmugan from The Indian Econometric Society (TIES) and Dr. Harold Andrew Patrick from CMS Business School. As the event came to a close, the participants filled in the feedback forms. Dr. Ajay Massand gave vote of thanks. The event concluded with the distribution of certificates to all the participants. The program concluded at 5.00 PM.