Econometric Analysis

The econometric process involves associating data on a given variable to a number of potential explanatory variables and then discriminating amongst these variables by way of statistical tests to derive the preferred mathematical equations (models).

Diversified Specifics employs econometric modeling techniques to assist clients in explaining trends, identifying strategic opportunities and providing an ability to forecast future sales.

Econometric modeling outcomes include providing rankings of drivers, elasticity estimation, quantifying seasonal patterns and presenting opportunities for forecasting. 

Specifically, we highlight how a firms demand relates to fluctuations in economic trends, internal policy decisions and the variability within other industries.

Armed with this information our clients better comprehend the statistically significant volume drivers of their product streams enabling them to formulate effective strategic marketing and business plans for the future.

When combined with cross sectional market research our econometric models represent a powerful tool allowing us to generate more practical information out of an existing data set for our clients.

Diversified Specifics programmers can also embed our statistical models into tailor-made software packages allowing our clients conduct in-house forecasting under a variety of possible scenarios on each of the statistically significant drivers. 

To gain more information on Diversified Specifics econometric modeling expertise or to arrange to meet with one of or statisticians or programmers email us at Econometrics@diversifiedspecifics.com.au.