What is economic intelligence and forecasting?
Businesses and policy makers use economic intelligence applies economic techniques to help understand the environment in which they operate, reduce risks and help make smart decisions.
Forecasting draws on a wide range of data and methodologies to help understand what may happen in the economy in the future, and how it may impact on specific sectors or activities.
What we offer
We are highly skilled and experienced in assessing the available data for an area or industrial sector, augmenting it with survey research, and using our knowledge of public policy and economics to forecast change.
Our experienced team can provide:
- Local economic profiling
Our profiling expertise can assist local authorities with their planning and strategy. Similarly we can provide a market profile for businesses seeking to expand.
- Employment and floorspace forecasting
We are able to assess future demand for skilled workers and employment land for development.
- Population and labour market forecasting
We assess the supply and skill levels of the local labour force and the availability of training and qualifications.
Using economic data provided by the Office for National Statistics, central government departments, and other official bodies we can provide you with the capability to analyse your local economies to identify strengths and weaknesses relative to your neighbours and competitors, and to the national economy as a whole.
Complex research and change forecasting
We use a variety of analysis and modelling including robust statistical testing of survey research, multivariate regression analysis to isolate the drivers of change and input-output analysis of supply chain impacts. Our net additionality calculations establish the extent to which programmes are responsible for local change, and what would have happened without these programmes.
To find out more about how economic intelligence and forecasting can enable your organisation to make more informed decisions, please contact Jenny Irwin.