Economic Data Management and Analytics Course
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Economic Data Management and Analytics Course

10 Days Online - Virtual Training

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# Start Date End Date Duration Location Registration
23 19/06/2023 30/06/2023 10 Days Live Online Training
24 03/07/2023 14/07/2023 10 Days Live Online Training
25 31/07/2023 04/08/2023 10 Days Live Online Training
26 14/08/2023 25/08/2023 10 Days Live Online Training
27 28/08/2023 01/09/2023 10 Days Live Online Training
28 25/09/2023 06/10/2023 10 Days Live Online Training
29 09/10/2023 20/10/2023 10 Days Live Online Training
30 23/10/2023 03/11/2023 10 Days Live Online Training
31 20/11/2023 01/12/2023 10 Days Live Online Training
32 18/12/2023 29/12/2023 10 Days Live Online Training

Course Overview

In today's world, good decision making relies on data and data analysis. This course helps participants develop the understanding that they will need to make informed decisions using data, and to communicate the results effectively. The course is an introduction to the essential concepts, tools and methods of statistics for participants in business, economics and similar disciplines. The focus is on concepts, reasoning, interpretation and thinking rather than computation, formulae and theory. Much of the work will require participants to write effectively and communicate their ideas with clarity. The course covers two main branches of statistics: descriptive statistics and inferential statistics. Descriptive statistics includes collecting data and summarising and interpreting them through numerical and graphical techniques. Inferential statistics includes selecting and applying the correct statistical technique in order to make estimates or test claims about a population based on a sample. Topics covered may include descriptive statistics, correlation and simple regression, probability, point and interval estimation, hypothesis testing, multiple regression, time series analysis and index numbers. By the end of this course, participants should understand and know how to use statistics. Participants will also develop some understanding of the limitations of statistical inference and of the ethics of data analysis and statistics. Participants will work in small groups in this course. Software like SPSS, STATA,SAS,POWER BI,EXCEL,R AND PYTHON will be used as per the participants preferences

Course Objectives

Upon completing this Economic Analysis and Data Analytics course successfully, participants will be able to:

  • Apply economic models to business problems
  • Identify contexts and applications of data in specific industries and in organisational settings
  • Implement conventional data analysis techniques and customising them for exceptional circumstances
  • How to utilise different types of data in different scenarios
  • Analyse data with advanced statistical and econometric techniques
  • Learn and employ techniques of data analysis to form business strategies
  • Apply computer programming and computing software to analysis of data
  • Learn how to build a career in economics or data analysis



·         10 Days


Who Should Attend?

Professionals in the following fields will benefit from this Economic Analysis and Data Analytics Training Program:

  • Management, Economics, and Consumer Studies
  • International Development Studies
  • Environmental Sciences
  • Professionals who wish to specialise in economics
  • Professionals who wish to specialise in data analytics
  • New MSc Biobased Sciences for students with a specialisation in economics
  • PhD candidates in the field of economics
  • C-level executives who need to understand economic strategies
  • Decision-makers
  • Government employees who form regulations
  • Customer representatives

Course Outline


  • Basics of economic analysis
  • Sources of economic data
  • Microeconomic data
  • Macroeconomic data
  • Economic forecasting methods
  • Regression analysis in economics



  • Trend analysis in forecasting
  • Case study – real estate
  • Coefficients
  • Significance
  • Standard errors
  • Serial correlation in data
  • Analysing results



  • Fixed effects regressions
  • Omitted variables bias
  • Binary outcome
  • Binary regressions
  • Logit models
  • Probit models
  • Advanced regression applications
  • Federal Reserve Economic Database (FRED)
  • Difference-in-differences analysis
  • Difference-in-differences estimator



  • Understanding economic output
  • Long-term capital gains rate
  • Forecast accuracy
  • Scenario analysis
  • Using macro and microeconomic data in forecasts





  • Understanding the role of corporate finance in economic analysis
  • Analysis of a firm’s financial decisions
  • Use of financial models in economics
  • Quantitative case studies



  • Data Analysis in Context
  • Data Analysis for Business
  • Data Analysis for Education
  • Data Analysis for Healthcare
  • Data Analysis for Government





  • Thinking about Analytical Problems
  • Conceptual Business Models
  • The information-Action Value Chain
  • The information-Action Value Chain
  • Real-World Events and Characteristics
  • Data Capture by Source Systems



  • Data Storage and Databases
  • Big Data & the Cloud
  • Virtualisation, Federation, and In-Memory Computing
  • The Relational Database
  • Data Tools Landscape
  • The Tools of the Data Analyst



  • Cross-Validation and Confusion Matrix
  • Assessing Predictive Accuracy Using Cross-Validation
  • Building Logistic Regression Models using XLMiner
  • How to Build a Model using XLMiner



  • Business Problems with Yes/No Decisions
  • Formulation and Solution of Binary Optimisation Problems
  • Metaheuristic Optimisation
  • Chance Constraints and Value at Risk
  • Simulation Optimization

General Notes


·         All our courses can be Tailor-made to participants' needs

·         The participant must be conversant in English

·         Presentations are well-guided, practical exercises, web-based tutorials, and group work. Our facilitators are experts with more than 10 years of experience.

·         Upon completion of training the participant will be issued with a Foscore development center certificate (FDC-K)

·         Training will be done at the Foscore development center (FDC-K) centers. We also offer inhouse and online training on the client schedule

·         Course duration is flexible and the contents can be modified to fit any number of days.

·         The course fee for onsite training includes facilitation training materials, 2 coffee breaks, a buffet lunch, and a Certificate of successful completion of Training. Participants will be responsible for their own travel expenses and arrangements, airport transfers, visa application dinners, health/accident insurance, and other personal expenses.

·         Accommodation, pickup, freight booking, and Visa processing arrangement, are done on request, at discounted prices.

·         Tablet and Laptops are provided to participants on request as an add-on cost to the training fee.

·         One-year free Consultation and Coaching provided after the course.

·         Register as a group of more than two and enjoy a discount of (10% to 50%)

·         Payment should be done before commence of the training or as agreed by the parties, to the FOSCORE DEVELOPMENT CENTER account, so as to enable us to prepare better for you.

·         For any inquiries reach us at or +254712260031


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