National Workshop on “Applications of STATA and EViews Packages for Analysis of Socio-Economic Data" at CUSB during March 26-28, 2019
Testing the data time-and-again before reaching out to conclusion (final result) is the golden rule of Econometrics, said Prof. Pami Dua, while delivering the keynote lecture at Central University of South Bihar (CUSB) on Wednesday (March 27, 2019). Prof. Dua delivered the lecture on the second day of the three-day National Workshop on “Applications of STATA and EViews Packages for Analysis of Socio-Economic Data” organised by the Department of Economic Studies and Policy of Central University of South Bihar during March 26-28, 2019.
As the guest of honour Prof. Pami Dua, Professor of Delhi School of Economics & member of Monetary Policy Review Committee, RBI delivered lecture on the topic “Econometrics and Forecasting: Alachemy or Science”.
“Automation should not refrain intuition, everything should make sense...”, with these words, Prof. Pami Dua emphasised the significance of common sense based judgement in forecasting. She stressed upon the fact that proper collection of data based on theoretical insights should be given prime focus in order to obtain consistent results. The expertise shared by her from this platform will surely enhance the capabilities of participants in undertaking research works in future. In the wake of the increasing importance of analysing large datasets in the scientific research works, the application of software packages such as STATA and EViews have become indispensable, mentioned Prof. Dua.
Earlier the day started with lighting of the lamp by Honourable Vice Chancellor of CUSB, Prof. H.C.S. Rathore, Prof. Pami Dua, and Prof. S.K. Bhaumik, Dean, School of Social Sciences and Policy & Head, Department of Economic Studies and Policy. Using this platform, the Vice Chancellor shared his vision for a bright future for CUSB and instilled a sense of confidence among the participants. On the occasion the university Prof. S N Singh, Prof. R S Rathore, Dr. Sanat Kumar Sharma, Dr. Samapika Mohapatra, Dr. Anil Singh Jha, Dr. Sudhanshu Kumar Jha, Dr. Sanjay Kumar and other faculty members were present.
Providing details Prof. S.K. Bhaumik said that resource persons from Delhi School of Economics, Calcutta University, Visva-Bharati, Santiniketan and Institute of Development Studies Kolkata have been invited. The workshop is being attended by more than 100 participants from different parts of India including West Bengal, Assam, Odisha, Uttar Pradesh and Bihar. The participants are young faculty members, research scholars, data analysts, people working with NGOs, and post-graduate students. RBI, Patna personnel have also been invited for interaction.
Earlier, on the first day of the workshop Prof. Santadas Ghosh (Visva-Bharati, Santiniketan) and Prof. Subrata Mukherjee (IDS, Kolkata) delivered their lectures relating to use of STATA software for data analysis. Dr. Ghosh introduced the participants with the basics of STATA and also threw light on the application of this software in analysing datasets so that useful and informative results might be extracted. Thereafter, to highlight the extraction of the large volume of data collected by the NSSO, Dr. Mukherjee explained how STATA can be a handy tool for the researchers as well as policy planners. He further explained the features and accessibility issues of NSSO data.
Prof. Sankar Kumar Bhaumik and Dr. Rikil Chyrmang delivered lectures on the Second day. Prof. Bhaumik spoke on Regression Analysis Using EViews and Dr. Rikil Chyrmang spoke on Migration Statistics in India. On the third day lectures will be delivered by Prof. Panchanan Das, Calcutta University, Dr. Abodh Kumar and Atish Kumar Dash.