The Danish Ministry of Finance is shifting toward the MAKRO model, which emphasizes forward-looking behavior and micro-foundations; analysts must upgrade from traditional time-series methods to structural econometric techniques to remain relevant in policy circles.
Nairobi, Kenya
Applied Economics, Policy, and Financial Modelling
Econometrics Techniques Training Course
East Africa’s innovation, diplomatic and training hub with vibrant urban energy
5 Days
Duration
In-Person
Delivery
12 Dates
Available
Certificate
Included
Master econometrics techniques to build credible models, test assumptions, and produce decision-ready analysis through hands-on applied workflows.
Upcoming In-Person Schedules in Nairobi
Reserve Your Spot Today — Pay When You're Ready!
| Code | Start Date | End Date | Duration | Fee | |
|---|---|---|---|---|---|
| ECT-01 | Mon - Fri (10 Days) | USD 2,900 | Reserve my seat → Register my team → | ||
| ECT-01 | Mon - Fri (10 Days) | USD 2,900 | Reserve my seat → Register my team → | ||
| ECT-01 | Mon - Fri (10 Days) | USD 2,900 | Reserve my seat → Register my team → | ||
| ECT-01 | Mon - Fri (10 Days) | USD 2,900 | Reserve my seat → Register my team → | ||
| ECT-01 | Mon - Fri (10 Days) | USD 2,900 | Reserve my seat → Register my team → | ||
| ECT-01 | Mon - Fri (10 Days) | USD 2,900 | Reserve my seat → Register my team → |
Here's What You'll Learn
Each module tackles real challenges you face in your role
1
Econometrics Foundations and Model Logic
2
Data Preparation and Diagnostics
3
Ordinary Least Squares Estimation
4
Regression Assumption Testing
5
Panel Data Methods
6
Time-Series Econometrics and Forecasting
7
Applied Reporting and Decision Support
Market-specific guidance for Denmark
A country-aware view of the pressures, proof points, and practical tools that shape how this course applies locally.
Tools and platforms relevant to this field
4Field-relevant examples that may be featured in training where they support the confirmed scope. Exact coverage depends on participant needs and delivery format.
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Stata StataCorpThe industry standard for micro-econometric analysis and register data research at Statistics Denmark and major universities.
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R (Tidyverse/Fixest) Open SourceIncreasingly used for high-frequency data analysis and complex causal inference in the Danish central bank and private research firms.
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Macrobond Macrobond FinancialA preferred platform for Danish financial analysts to access and visualize global and local economic time-series data.
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EViews S&P GlobalCommonly used for time-series forecasting and macroeconomic modeling within government departments and smaller consultancies.
Real-World Case Studies from Denmark
1-
Development of the MAKRO Macroeconomic Model 2023Danish Ministry of Finance / DREAM
A multi-year project to replace the legacy ADAM model with a new generation, empirically-based macroeconomic model (MAKRO) that incorporates forward-looking optimizing behavior of households and firms.
The model now serves as the primary tool for medium and long-term projections and policy impact assessments for the Danish government.
View source
Training visit intelligence for Nairobi
Practical notes for confirmed delegates: arrival, venue expectations, after-class options, and on-the-ground considerations.
Optional after-class stops
8
nature
Nairobi National Park
Unique wildlife reserve on the city’s edge where you can see lions, rhinos and giraffes against a skyline backdrop.
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nature
David Sheldrick Wildlife Trust Elephant Nursery
Renowned sanctuary for orphaned elephants where visitors can watch daily feeding and learn about conservation efforts.
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nature
Giraffe Centre
Conservation and education centre where you can view and feed endangered Rothschild’s giraffes from raised platforms.
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culture
Karen Blixen Museum
Historic farmhouse of author Karen Blixen, showcasing colonial-era life and the setting of “Out of Africa.”
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culture
Nairobi National Museum
Flagship museum presenting Kenya’s history, cultures and natural heritage, including notable prehistoric fossils.
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heritage
Bomas of Kenya
Cultural centre with traditional homesteads and daily music and dance performances representing Kenya’s communities.
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nature
Karura Forest
Urban forest ideal for jogging, walking and cycling, featuring waterfalls, caves and well-marked trails.
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food
Westlands entertainment district
Lively commercial and nightlife district with many restaurants, bars and malls suitable for post-training dining and networking.
Local demand signals 5
Sector-level context showing where this capability is relevant in Nairobi.
Telecommunications and mobile financial services
Nairobi is a regional hub for telecoms and mobile money, with Safaricom’s M-Pesa platform frequently studied in digital finance and innovation programs.
Information and communication technology (ICT) and startups
Co-working spaces and incubators in Nairobi’s tech ecosystem support training and collaboration in software development, entrepreneurship and digital skills.
Banking and financial services
As a financial centre for East Africa, Nairobi hosts major banks and regulators, offering case-study opportunities in regulation, risk and inclusive finance.
Development, diplomatic and non-governmental organisations
Nairobi’s concentration of UN agencies and diplomatic missions makes it a key venue for training on development policy, climate, urbanisation and diplomacy.
Logistics and regional headquarters
Nairobi’s position as a transport and logistics hub supports training in supply chain, aviation management and regional trade.
Training venue
Nairobi offers a wide range of modern hotels and conference venues, including international chains and dedicated training centres with reliable meeting facilities and catering suitable for professional programs.
Getting there
Most international delegates arrive via Jomo Kenyatta International Airport (NBO), about 15–30 km from key business districts; licensed airport taxis, app-based ride-hailing services and hotel transfers are the most common options to reach central Nairobi and training venues.
Visa
Kenya has introduced a visa-free regime for all foreign nationals, but travelers must complete an electronic Travel Authorization (eTA) online before arrival; confirm current requirements and processing times well ahead of travel.
Safety
Central business districts and major training venues are generally busy and secure, but delegates should use registered taxis or app-based rides at night, keep valuables discreet, and follow local advice on areas to avoid after dark.
Internet
Reliability: good
Weather year-round
- Apr 23/14°C Warm but wetter as part of the long rainy season, so expect showers and plan for indoor sessions or transport buffers.
- Jan 25/13°C Generally warm and sunny with minimal rainfall, comfortable for daytime training and evening activities.
- Jul 21/11°C Coolest period of the year with overcast skies and pleasant temperatures; light layers are useful, especially in the mornings and evenings.
- Oct 24/14°C Warm with the onset of short rains, typically featuring a mix of sunshine and afternoon or evening showers.
Where this course runs
Econometrics Techniques Training is delivered in the cities below — pick the one that fits your schedule.
