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Saleh: economic forecasting centers paint a future policy
1/31/2017 0:00
[rtl]BAGHDAD / Mustafa al-Hashemi
Economic forecasting centers play a pivotal role in guiding economic policy of any country in the world, especially in Iraq, being one of the most prominent means of providing support to decision-makers and officials on the economic profile of the country by providing clear visions based on the diagnosis of obstacles and problems that may be facing the economy and provide processors and solutions to draw a path of stable macro-economy.
Unit prediction
In this regard , the financial advisor to the prime minister explained d. The appearance of Mohammed Saleh , the importance of a unit to predict the central bank to control liquidity, noting in a statement the "morning" , " the importance of expanding this there is nothing wrong in their activities to monitor indicators and global markets which would provide accurate data for its impact to the overall stability of the country."
It is scheduled to conclude on Tuesday "economic forecasting methods" course organized by the Economic Policy Institute , the Arab Monetary Fund in the twenty - ninth of this month in Abu Dhabi with the participation of 33 participants from the Arab member states. Economic estimates and noted the benefit to the importance of economic forecasting to provide support for decision - makers techniques, being offered estimates of the economic situation and the future course in light of economic fluctuations on the domestic and international levels. He pointed out that central banks attach importance to the issue of the use of prediction in order to help economic policies and strategies that align the economic phase by knowing the possible developments on both inflation and employment, and the interest rate mode, and the exchange rate and a number of other variables, including easy to take appropriate decisions before the decision - makers in this regard. Possible developments The head of the Arab Monetary Fund , Abdul Rahman Abdullah Humairi confirmed the existence of a very interesting topic of the use of economic forecasting methods in order to assist Member States in the Fund on economic policies and strategies that align future stage, and identify potential developments and economic, financial and social variables mode. He explained in a speech at the opening of "economic forecasting methods" cycle that the use of statistical models in the forecasts help decision - makers to tie their decisions and future macroeconomic objectives of the state, and measure the impact of shocks on economic variables, and then the possibility of avoiding a negative impact on the economy. He pointed out that the adoption of economic forecasting in the planning and economic policies drawing methods require the provision of reliable and comprehensive statistical data in a timely manner in order to be used in the estimates and develop perceptions about future plans. Training workshops and confirmed Humairi that the Fund is working to identify the needs of the Arab countries on a regular basis, and do Borchat work training, technical assistance, and the organization of joint missions with regional and international institutions. He pointed out that the most important aim of the session is to raise the capacity and skills in the subject of forecasting variables and preparing macroeconomic model through modern econometric applications. The session focused on five aspects to build a practical model and predict which both methodological approaches in the economic forecasts, and the characteristics of time series, and to identify the causal models and models of joint integration in the forecasts, and evaluate the results of estimates, as well as the use of self - gradient in the estimation and forecasting and measuring the impact of trauma models at the macro economy.[/rtl]
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