and Econometrics Consulting Services
Economics Consulting Services
Statistical Consultants Ltd can provide a variety of
economics consulting services including:
- Business strategies – These would based on
and macroeconomics and would take into account factors such as
product/service, the current economic climate, market trends, the
- Public policy advice – What
are the short term and long term costs and benefits of a proposed
improvements can be made to
the proposed the government policy?
- Economic impact studies – Estimates of how
much money (or
some other measure) a particular policy, event, industry, firm or
to the local or national economy, and how it contributes to the economy
direct spending, employment created directly or indirectly, spin-off
for other industries etc).
- Cost-benefit analysis, SWOT analysis and feasibility
Econometrics is the application of
techniques (especially regression modelling and forecasting) to analyse
The applications of econometrics include:
- Demand and supply modelling - What
model is a good approximation of the demand and supply
curves for a particular good or service?
- Price sensitivity analysis - What
is the price elasticity of demand (the % change in quantity
demanded given a 1% change in price)?
What is the cross-price elasticity of demand
between one good / service
and a compliment or substitute of that good / service (the % change in
demanded given a 1% change in the price of the other good)?
- sales projections, revenue forecasting,
- Financial mathematics