Introduction

The Center for Economic Modelling and Data Analytics (CEMDA) is being established at the Pakistan Institute of Development Economics (PIDE), Islamabad, to harness the power of data science, modelling, and forecasting for evidence-based policy and research. In today’s data-driven world, the power to predict, analyze, and innovate lies in advanced analytics. Our center is envisioned as a pioneering hub for harnessing the transformative potential of data science, modelling, and forecasting. With the rapid expansion of digital economies, artificial intelligence, and big data, Pakistan needs a dedicated platform to turn complex datasets into actionable insights that drive policy and economic growth.

Vision Statement

To be a leading center of excellence and a hub for advanced analytics, integrating cutting-edge methodologies, and being established to leverage the power of data science, modelling, and forecasting for evidence-based policymaking and research. In an era where data-driven insights are critical for economic and social development, this center aims to fill the existing gap by integrating advanced analytical tools to address key policy challenges in Pakistan.

Mission Statement

• Develop data-driven models and forecasting tools for economic and policy analysis.
• Leverage data science and analytics to support decision-making in public and private sectors.
• Establish a data hub to consolidate and manage large-scale datasets for research and policymaking.
• Conduct capacity-building programs in data analytics, machine learning, and econometrics.
• Foster collaboration with academia, government, and industry to promote data-driven policy solutions.