Econometrics 101 — Live course

Econometrics fundamentals: regression, OLS assumptions and inference

Build a foundation for analysing economic relationships with data. Explore linear regression, why OLS assumptions matter, and how hypothesis tests and confidence intervals support interpretation of results. Join the live course and explore the topics through questions and discussion.

Format
Live at Cloud Spaces ADGM, Abu Dhabi
Length
Confirm session duration
Experience
Questions and discussion
Focus
Regression and inference

Meet your course instructor

This course is provided by MCC Economics & Finance and focuses on introductory econometrics, OLS regression and hypothesis testing.

Course provider

MCC Economics & Finance

Economics, finance and applied analysis

MCC Economics provides analysis and advice across economics, finance and regulation. This course focuses on introductory econometrics, OLS regression and hypothesis testing. Contact the team to confirm the named lecturer for your selected session or recording.

  • Economic and financial analysis
  • Quantitative modelling and research
  • Training in applied economic concepts
I heartily recommend PJ to anyone seeking input on the financial parameters that underpin different regulatory models.
James Veaney, Deputy Director, Electricity Sector Price Controls, Ofgem · Client feedback on PJ’s consultancy work, supplied in the reference template; not a review of this course.

Quick Answer

Econometrics 101 introduces economic data types, linear regression, ordinary least squares (OLS), model assumptions and hypothesis testing. The live listing gives Cloud Spaces ADGM in Abu Dhabi as the venue. Teams may be used if the in-person venue is unavailable; confirm the arrangements for your selected session. Check the available dates and ticket terms on Eventbrite before booking.

Key takeaways

  • Cross-sectional, time-series and panel data describe different observation structures.
  • OLS chooses coefficients by minimising the sum of squared residuals.
  • The interpretation and statistical properties of an estimate depend on the model and its assumptions.
  • A fitted relationship is not automatically causal, and statistical significance is not the same as practical importance.

What will you be able to do after the course?

The course topics support three learning outcomes. They describe the concepts you will work through, rather than promising mastery from a single session.

  • Understand the data. Distinguish the main economic data structures and identify the variables in a linear model.
  • Interpret a regression. Explain coefficients, residuals and the purpose of ordinary least squares.
  • Assess evidence. Describe why assumptions, hypothesis tests and confidence intervals matter for interpreting an estimate.

What does the course cover?

This outline organises the topics described in the course listing. The summaries explain the subject matter in plain English.

  1. Introduction to econometrics: how statistical methods are used to analyse economic and financial relationships.
  2. Types of data: cross-sectional observations, time series and panel data.
  3. Linear models and OLS: estimation of a bivariate linear model and interpretation of its fitted relationship.
  4. OLS assumptions: the assumptions underlying unbiasedness and the Gauss–Markov result.
  5. Model properties: the relevance of assumptions such as constant error variance.
  6. Hypothesis testing: confidence intervals, t-tests and evidence about model parameters.

What do the key terms mean?

These definitions support the course topic and help you interpret the material. They are explanatory context, not a promise that every term is a separate lesson.

TermMeaning
EconometricsStatistical analysis of economic relationships using data and specified models.
Cross-sectional, time-series and panel dataObservations across units, across time, or across units followed over time, respectively.
Ordinary least squares (OLS)An estimation method minimising the sum of squared residuals.
CoefficientA model parameter describing a specified relationship between a regressor and the response.
ResidualAn observed value minus the corresponding fitted value.
HomoskedasticityConstant conditional error variance; a condition in the usual Gauss–Markov framework.
BLUEBest linear unbiased estimator: lowest variance among linear unbiased estimators under the required conditions.
Confidence interval and t-testMethods for expressing uncertainty and evaluating a parameter restriction under stated assumptions.

Who is the course for?

Econometrics 101 suits learners interested in introductory econometrics, OLS regression and hypothesis testing. Basic statistics and algebra will help. No formal prerequisite is specified.

  • Aspiring economists and data analysts
  • Finance, policy and research professionals
  • Students learning econometrics
  • People interpreting economic relationships

Which courses should you take first?

Explore related MCC training below. The cards distinguish live and recorded formats. They are options for further study rather than a compulsory sequence; review each course’s scope and availability before choosing.

  1. StatsStatistics foundation · Recorded
  2. StatsStatistics foundation · Live
  3. 101Econometrics 101 · Recorded
  4. 110Econometrics 110 · Recorded
  5. AllBrowse courses
  6. 101This course

Browse every title on the MCC Economics courses page.

Why learn this from MCC Economics?

MCC Economics brings economic and financial analysis to policy, regulation and investment questions. Econometrics 101 offers a focused introduction to introductory econometrics, OLS regression and hypothesis testing. Explore its economic analysis services, research publications and team profiles to see the wider context of MCC’s work.

MCC Economics has helped us better understand the most important issues for our stakeholders, including: charges, shareholder returns, debt payments and inflation impacts.
Leila N. Nasr, Section Head, Department of Energy, Abu Dhabi · Client feedback on MCC consulting work, supplied in the reference template; not a review of this course.

Questions buyers ask before registering

What does Econometrics 101 cover?

Econometrics 101 introduces economic data types, linear regression, ordinary least squares (OLS), model assumptions and hypothesis testing.

Is this a live course or recorded material?

The live listing gives Cloud Spaces ADGM in Abu Dhabi as the venue. Teams may be used if the in-person venue is unavailable; confirm the arrangements for your selected session.

What is included?

The listing offers live questions and discussion. Confirm recordings, slides, transcripts or certificates with MCC before assuming they are included in a live ticket.

How long does it take?

The retrievable listing does not clearly specify a single duration. Confirm the duration of your selected session with MCC before registering.

Who delivers the course?

The course is provided by MCC Economics & Finance. Contact the team to confirm the lecturer for your selected session.

What preparation is useful?

Basic statistics and algebra will help. No formal prerequisite is specified.

What does OLS minimise?

OLS minimises the sum of squared differences between observed and fitted values.

Does a regression coefficient automatically show causation?

No. A causal interpretation requires an appropriate research design and assumptions; a fitted association alone is insufficient.

Does BLUE mean that OLS is best under every possible circumstance?

No. BLUE applies to a defined class of estimators and a set of assumptions. It is not a universal guarantee.

Which software or certificate is included?

The retrievable listing does not specify a required software package or a completion certificate. Ask MCC if either matters to your training plans.

Can my organisation arrange team training?

Contact MCC Economics through the consultation page to discuss team access or tailored training.