PSA-BARMM employee attends Training on Time Series Analysis and Basic Forecasting

June 18, 2019News Article Ref No.: NL-ARMM-19-018
Participants and resource persons for the Training on Time Series Analysis and Basic Forecasting in PSRTI.

Mr. Nurosalam C. Caludtiag, Assistant Statistician of PSA-BARMM, attended the five-day Training on Time Series Analysis and Basic Forecasting on 01 to 05 April 2019 at Philippine Statistical Research and Training Institute (PSRTI), Quezon City. This training was designed for PSA Central and Field Offices and was facilitated by PSRTI, headed by Mr. Ken Zedric G. Ganan, Statistical Analyst of PSRTI Training Division.  

The training aims to provide the participants hands-on application of the basic techniques in making a statistical forecast using EViews® and empower them to make sound statistical forecasts based on time-series data.The Human Resources Division (HRD) of PSA provided the list of participants that are selected based on their training profile and qualifications set by PSRTI.    

Mr. John Carlo P. Daquis, Assistant Professor of the School of Statistics in the University of the Philippines (UP) Diliman, introduced the basic concepts of time series to the participants in the first day of the training. This chapter includes the terminologies in time series data and addressing data gaps. 

On the second day, Mr. Michael Dominic C. Del Mundo, Assistant Professor of UP Diliman Population Institute, discussed EViews®, a statistical software for time series data. He explained the descriptive analysis of a time series data using the said software. The lecture was followed by a series of hands-on exercises facilitated by Mr. Jerone C. Javier, Instructor of UP Diliman School of Statistics.  

Mr. Del Mundo continued the lecture on the third day with a discussion on Basic Forecasting Techniques and Forecasting using Exponential Smoothing. Mr. Javier also headed the workshop sessions for this chapter.  

The participants were divided into six groups for the final workshop which started on the third day. Concepts and principles of the whole training were applied into this activity. The groups presented their outputs on the last day. Each was critiqued by the resource persons and their co-participants. 

Selected participants delivered their impressions for the training during the closing program. Ms. Maria Praxedes R. Peña, Chief Statistical Specialsit of PSRTI ended the program with her closing remarks.