The Centre organised training course on "Short-term Business Statistics" at the Pakistan Bureau of Statistics (PBS), on 5-7 November 2012. The course was provided by Mr. Abd. Latib Talib, an expert from the Department of Statistics (DOS) Malaysia, and was attended by the related staff members of the Pakistan Bureau of Statistics (PBS).

The training course on “Short-term Business Statistics” mainly focused on Business Cycle Indicators (BCI) including how to select indicators for BCI and how to construct BCI.

The agenda of the training mainly covered the following subjects:

• Introduction to Time Series
  • Definition and Type of Time series
  • The Usual Components of Time series
• Decomposition of Time series
  • Seasonal Adjustment
  • Trend-Cycle Components
• Business Cycle Indicators and Measurements
  • The growth rate, classical and growth cycles
• Indicators Selection
  • Lead/Lag Analysis
  • Granger Causality Test
• The Methodology of Composite and Diffusion Indexes
  • The Leading Index
  • The Coincident Index
  • The Lagging Index
• Business Cycle Analysis and Business Cycle Clock