Educational Seminars

This seminar will introduce the audience to the basics of the Ordinary Least Squares (OLS) tool and cover the basics of econometrics, regressions, and statistical analysis. Topics include:

• What is a regression? From y=mx+b to OLS

• Best Linear Unbiased Estimator (BLUE)

• Appropriate applications of OLS

• Demonstrations in Excel and R

• Robustness checks

• Practical limitations of OLS

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This seminar will take the audience beyond the simplest forms of OLS and demonstrate the versatility of this powerful econometric tool. Topics include:

• Squared, indicator, interaction, and proxy variables

• Transformations of data for model estimation without compromising model integrity

• Advanced robustness checks

• Interpretation of advanced functional forms

This seminar will go beyond the Ordinary Least Squares regression and introduce the audience to other, more advanced econometric tools that are valuable to power providers and forecasters. Topics include:

• Time series regressions

• Second stage least squares regressions

• ARCH and GARCH models for forecasting