Practical Econometrics for Managerial Decision Making

An Interactive 5-Day Training Course

Practical Econometrics for Managerial Decision Making

Developing Insights from Multivariate Models and Analysis

NASBA
Classroom Schedule
Date Venue Fees
22 - 26 Dec 2025 London $ 5,950
27 Apr - 01 May 2026 London $ 5,950
28 Sep - 02 Oct 2026 Los Angeles $ 7,950
21 - 25 Dec 2026 London $ 5,950

Introduction

This Practical Econometrics for Managerial Decision Making training course focuses on performing high-level multivariate econometric analysis using a range of business and economic data - with an emphasis on design, analysis, and drawing sound inferences to support strategic and operational decision-making. It's no longer specialty PhDs with $10,000 software packages doing high-end econometrics.

This training course dispels all the myths and misconceptions about intuitive multivariate modeling and analysis, making it practical-accessible for all managers using inexpensive software applications that work within industry standard Excel spreadsheets. 

This Practical Econometrics training course will highlight:

  • Working with a range of multivariate models, variables, and statistical output
  • Modeling and hypothesis design, variable-selection, and managing big-data
  • Developing original research projects, relational hypotheses, and parameters for inferences
  • Understanding benefits and costs of primary data vs. secondary data for research
  • Use of cross-sectional, time-series, longitudinal, and pooled cross-sectional data sets
  • Comparing original research output with published research results on various topics
  • Critical review, analysis, and critique of research models, methods, and conclusions drawn

Objectives

At the end of this Practical Econometrics training course, you will learn to:

  • Design-produce an original research study
  • Collect and format various types of data
  • Perform different models of multivariate econometric analyses
  • Analyze detailed statistical output from econometric model-software
  • Draw inferences to support high-level managerial decision-making
  • Write a detailed, yet succinct, executive summary of research findings

Training Methodology

This Practical Econometrics training course will use an inductive reasoning approach for introducing new terms-concepts-models-methods, followed with highly interactive case-discussion, and small-group team case projects applied directly to the attendees’ firms/organizations. The main focus is “hands-on” doing high level econometric modeling, analysis, and interpretation of statistical results.

Organisational Impact

Attendees will have immediate Return-On-Investment (ROI) to their own firms / organizations by bringing those requisite skills, models, and research practices directly to their workplace and colleagues. 

The Return-On-Investment (ROI) is that attendees will be ready to demonstrate these tangible skills and competencies:

  • Review, interpret, and critique existing/published econometric research studies
  • Design and implement original econometric research for their firm, market, and industry
  • Write high-level executive summaries with insights-inferences from econometric statistics
  • Convert generic Big Data into actionable intel that improves organizational performance

Personal Impact

Attendees to this Practical Econometrics training course will further their own professional development by: 

  • Understanding key nuances, terminology, modeling of contemporary econometrics
  • Gaining a new managerial mindset about “best practices” for applied business research
  • Enhancing their use of formal and objective econometric models and statistical outputs
  • Being able to objectively assess existing econometric studies’ data, output, and conclusions
  • Learning proactive forward-thinking approaches to managing big data toward research design
  • Bringing practical common-sense econometrics to both in-house and client-facing projects

Who should Attend?

This Practical Econometrics training course is suitable to a wide range of professionals but will greatly benefit: 

  • Research and Development / Product Development Teams looking for direct connections
  • Business Development Staff looking to proactively open up new opportunities
  • Financial Officers looking to design-execute original finance-accounting econometric research studies
  • Revenue Officers looking to develop new forms and insights for marketing and competition research
  • Board Members looking to fully monetize Big Data for the shareholders / stakeholders
Course Outline
Day 1

Overview of Contemporary Econometrics and Decision Models

  • Model Design, Hypotheses, Variables, Structure, Outcomes
  • Quantitative and Qualitative Inputs  
  • Applications: From Wall Street to Marketing to Production to Consumer Behavior
  • Software Options
  • Linking Models and Confirmation Metrics
Day 2

Understand Different Forms and Types of Research Data

  • Cross Sectional Samples
  • Time Series Sequences
  • Longitudinal Tracking
  • Pooled Cross-Sectional Aggregation
  • Primary Data Costs and Acquisition
  • Secondary Data Costs and Acquisition
  • Descriptive Outcomes vs. Predictive Outcomes
  • Dummy Variables / Indicators / Surrogates
Day 3

Model and Hypothesis Design as Keys to Managing Big Data

  • Targeted Outcomes Determine Input Formations
  • Single-Variable vs. Multi-Variable Descriptors and Predictors
  • Punctuated Trending vs. Real-time Fluidity
  • Static Formations vs. Dynamic-Changing-Active Learning Models
  • Correlation and Association vs. Cause-And-Effect
  • Building Real Models for Delegates’ Firms, Industries, Markets
Day 4

Designing Original Models for Your Firm, Competitive Market, and Industry

  • Categorizing Decision Areas and Coordinating Data Availability  
  • Micro-economic vs. Macro-economic Decisions
  • Indicators, Lagged Variables, Barometers / Bellwethers  
  • Running Several Rounds of Differing Regressions
  • Managing Databases of Targeted Variables
  • Problems of Multi-collinearity
  • Problems of Autocorrelation
Day 5

Presenting and Evaluating-Critiquing Original Econometric Findings

  • Drawing Inferences Rather than Conclusions
  • Caveats of Explaining Variance
  • Individual and Team Presentations and Discussion-Interaction-Critique
  • Confidence Intervals in Econometric Forecasts
  • Packaging Analysis-results for Optimum Explanation
  • Problems with Overreach from Statistical Outputs
  • Personal-Managerial Bias Impacts Interpretation
  • Distilling Data Output into Actionable Intel
  • Disseminating Data Output for Maximum Decision Making Impact
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates.
  • Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance.
Providers and Associations

Endorsed Education Provider

NASBA

In Association With

Frequently Asked Question:

GLOMACS offers both online andperson training options. You can choose from interactive virtual sessions or attend one of our globally locatedperson training courses. The flexibility ensures that learning fits your schedule and preferences.
Yes, GLOMACS provides customized training solutions tailored to meet the specific needs of organizations. We work closely with companies to design bespoke training courses that address their unique challenges and objectives.
Our courses are structured to provide a balanced mix of theory and practical application. They typically include presentations, case studies, group discussions,on activities, and interactive Q&A sessions to maximize learning outcomes.
For detailed information about specific courses, including course content, schedules, and instructors, you can visit our website or contact our customer service team. They will be happy to provide all the information you need to make an informed decision.
You can register for a GLOMACS training course by visiting our website, selecting the course of your choice, and following the simple registration process. You can also contact our support team for assistance with the registration process.
Attending a GLOMACS training course offers numerous benefits, including enhanced professional skills, increased employability,recognized certification, networking opportunities with peers and experts, and the chance to apply practical knowledge directly to your workplace.
GLOMACS is a globally recognized leader in professional training and development, with a reputation for deliveringquality,driven training courses. We offer a broad spectrum of training courses taught by expert trainers, flexible delivery options (both online andperson), and accredited certifications that add real value to your career.

Yes, upon successful completion of any of our training courses, GLOMACS Certificate will be awarded to the delegates. This certificate is a valuable addition to your professional portfolio and is recognized across various industries.

Options & Brochure
You may also be interested in...
Microsoft Office Power Automate
Automating Business Processes for Efficiency and Productivity
22 - 26 Dec 2025
map London
$5,950
View Course
Certified Training - Reporting & Operational Dashboards Using Excel
15 - 19 Dec 2025
map Dubai
$5,950
View Course
Machine Learning and Data Management in the Power and Energy Industry
Implementing AI for Power and Energy Systems
15 - 19 Dec 2025
map London
$5,950
View Course
Financial Modelling Using Excel
A Comprehensive Journey into the World of Financial Modeling with Excel
01 - 05 Dec 2025
map Dubai
$5,950
View Course
Business Analysis for Pre-Sales Professionals
Bridging Business Needs and Technical Solutions to Drive Sales Success
20 - 24 Oct 2025
map London
$5,950
View Course
Historical Data Analysis for Trend Identification
Leveraging Past Data to Predict Future Business Trends
27 - 31 Oct 2025
map Dubai
$5,950
View Course
Data Mining Techniques for Fraud Analytics
Uncovering Hidden Patterns and Anomalies to Strengthen Fraud Detection Efforts
15 - 19 Dec 2025
map London
$5,950
View Course
Machine Learning and Data Management in the Oil and Gas industry
Boosting Efficiency and Accuracy with AI-Driven Analytics and Automation
27 - 31 Oct 2025
laptop Online
$3,950
View Course
Glomacs Training
GLOMACS Training & Consultancy
Typically replies within an hour
Olivia
Hi there 👋
My name is Olivia. Please tell me how I can assist you..
09:01