The Department of Economics at Easwari School of Liberal Arts successfully organised a two-day workshop titled “Applied Econometrics: Leveraging with Software and Databases” on March 7 – 8, 2025. The workshop witnessed the participation of approximately 40 attendees, comprising academicians, research scholars, and students from various institutions, including SRM IST, VIT-AP and Amrita University. The significant turnout reflected the keen interest in applied econometrics and the practical implementation of statistical software (R and STATA) for economic analysis.
The primary objective of the workshop was to provide a comprehensive understanding of econometric principles while emphasising hands-on training with statistical software such as STATA and R. Participants received practical exposure to key econometric techniques, including time series modelling, cross-sectional data analysis, and panel data estimation, thereby enhancing their empirical research capabilities.
The workshop featured four insightful sessions conducted by distinguished experts in the field of econometrics:
- Dr Anandarao Suvvari (IIT Goa) – Delivered an in-depth session on fundamental econometric techniques and their applications in STATA and R.
- Dr Mohan Rao Balaga (IIT Dharwad) – Provided a comprehensive analysis of time series methodologies, covering ARIMA, VECM, VAR, and ARDL models using macroeconomic and financial datasets.
- Dr Pratap C Mohanty (IIT Roorkee) – Delivered a session on cross-sectional data techniques, encompassing linear and non-linear models, instrumental variable (IV) estimation, and applications utilizing NSSO and large-scale survey data.
- Dr Vineesh Prakash (SRM University-AP) – Conducted an extensive session on panel data models, discussing Fixed Effects (FE), Random Effects (RE), Generalized Method of Moments (GMM), and dynamic panel models using CMIE ProwessIQ data.
The interactive nature of the sessions enabled participants to engage with the resource persons, deliberate on real-world econometric applications, and undertake practical case studies utilizing empirical datasets. The rigorous discussions and hands-on exercises significantly contributed to a deeper understanding of applied econometrics.
This two-day workshop proved an enriching academic initiative, equipping participants with essential econometric skills and strengthening their analytical capabilities in economic and financial data analysis. The positive feedback from attendees underscored the effectiveness of the workshop particularly in integrating theoretical knowledge with hands-on implementation.
