How do price changes affect sales volumes?
Elasticity analysis is used to understand how responsive an economic variable is to another. It is commonly used to understand how sales vary as price changes. However, it can also be applied in other settings, such as estimating how changes in connectivity affect productivity.
Forecasts can be carried out at a high level of aggregation—for example for GDP, inflation, unemployment or the fiscal deficit—or at a more disaggregated level, for specific sectors of the economy or even specific firms.
Using econometrics to inform competition responses and investigations
We have worked for clients in response to competition investigations and cases in the UK and abroad where we have utilised econometric techniques to construct counterfactual scenarios and analyse anti-competitive activity.
Placing a value on how your business impacts the economy, the environment, and wider society is as important as calculating financial return. Altogether, this measures the total impact your business has on society and provides the information you need to navigate today’s operating environment. We believe a total impact approach to making strategic decisions provides the holistic perspective a business needs to understand risk, identify opportunities, and optimise its contribution to society.
What are the barriers to business efficiency?
Stochastic Frontier Analysis can be used to identify the optimal input mix, whether it is a manufacturing company, hospital or university.
Formative evaluation helps shape the project. It includes activities such as gathering information on the audience that might help determine the best way to present information. Formative evaluation begins early in the development of the project and may be collected in phases as the project develops. By conducting economic evaluations of for example health services and interventions through costing exercises and analyses of cost-effectiveness.