Entrepreneurial Economists Club of Dhaka School of Economics ended their 8 days Webinar Training programme on ARDL and Data Envelope Analysis in Econometrics with use of EVIEWS software recently. It was started on 5th August.
Speakers said that autoregressive distributed lag (ARDL) models are often used to analyse dynamic relationships with time series data in a single-equation framework which is helpful for analyzing economic and financial data of Bangladesh. The speakers said that in Bangladesh, the adoption of mixed economic system means that business firms whether in the private sector or public sector must work towards the improvement of the economic lot of the people, and decrease of inequalities of income and wealth and growth with equity is must.Due to COVID-19, and Russia and Ukraine war ,all over the world is now a problem where Banking sector and Hosptialmanagement in Bangladesh is in turbulent situation . In this aspect measuring efficiency is important for which Data Envelopment Analysis technique may be used for this purpose as experts said.Entreprnurship Economists programme from undergraduate to Masters programme is working hard to help proper human capital and self employment.
Professor Dr Dipti Ranjan Mohapatra of Amity University Uttar Pradesh ,India was the key trainer. He explained how to utilise ARDL and DEA in real life and creation of efficiency and effectiveness based on utilization of EVIEWS software. In the programme Programme Dr. Sujata Khandai Dy.
Dean (Academics) and Director (Amity College of Commerce & Finance) at Amity University Uttar Pradesh, India was the chief guest. She said that right research with ethical values are necessary for the betterment of the economy as well as Consumer Behaviour in the right manner.
Prof Dr Muhammad Mahboob Ali,Coordinator, entreprenurial economics programme of Dhaka School of Economics argued that ARDL and DEA both helped for entreprenurs to take right decision for doing sustainable business with competency.He argued that dissemination of the knowledge is requird to keep in good pace of knowledge with outcome based education as it helps foremployablity skills of the students.
Sara Tasneem and Rehana Parvin ,assistant Professor of Dhaka School of Economics both argued that a data center for entrepreneurs and economic incubator is required for the students to get real life exposure.
Shamim Ahmad ,Lecturer,Dhaka Schoolof Economics gave a vote of thanks.This programme was freely done to improve educational quality of the students and entrepreneurs of the country.