Patna: Chandragupt Institute of Management Patna (CIMP) conducted a week-long Faculty Development Programme (FDP) on the estimation and interpretation of financial data using EViews, from June 24 to 28. The programme brought together academics and researchers from across India to explore econometric tools and their application in financial data analysis.
The five-day event featured a blend of theoretical and practical sessions, covering a range of techniques including cross-sectional regressions, ARIMA modelling, panel data regressions, vector auto regressions (VAR), vector error correction models (VECM), and volatility modelling through ARCH and GARCH models.
The FDP commenced with a ceremonial lamp lighting by Prof Rana Singh, Director of CIMP and Programme Chair, along with co-chairs Prof Ranjit Tiwari and Prof Santosh Kumar. In his inaugural address, Prof Singh emphasised the growing importance of econometric tools in financial research and teaching.
The sessions were led by noted academicians in the field. Prof Tarun Soni from the Fore School of Management, New Delhi, introduced participants to classical linear regression models and ARIMA on the first day. Prof Ranjit Tiwari followed on day two with insights into panel data analysis, focusing on fixed and random effects models. On the third day, Prof Santosh Kumar covered VAR and impulse response functions, while day four featured Prof Ankit Sharma’s session on vector error correction models. The programme concluded with Prof Soni’s session on modelling financial volatility using ARCH and GARCH.
