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COMPETITIVE INTELLIGENCE

ECONOMIC ANALYSIS and FORECASTING Futurist Scenarios

ECONOMIC DEVELOPEMENT & PLANNING

INDUSTRY ANALYSIS

INFORMATION GATHERING & ANALYSIS Information Brokering  Business Brokering

MARKETING RESEARCH & ANALYSIS

HARBINGERS

 

ECONOMIC ANALYSIS & FORECASTING

 

ANALYZING ECONOMIC DATA

Analyzing current data on:

BUSINESS + THE ECONOMY + DEMOGRAPHICS + OTHER FACTORS

yields a balance sheet of current business economic conditions. That is, a description of the economic conditions in which a business or a market is currently operating.

 

ECONOMIC FORECASTING

FOR THE SHORT TERM THROUGH THE LONG TERM:

THE U.S. ECONOMY, AN INDUSTRY, A MARKET SEGMENT

Producer Markets

User Markets

Intermediate Markets

 

SHORT-TERM ECONOMIC FORECASTS

Usually quantitative.

Usually for a couple of years or less, sometimes just for months.

 

LONG-TERM ECONOMIC FORECASTS

Usually quantitative.

Usually looks out over the span of a two years to two or more business cycle.  

 

FUTURIST SCENARIOS

Futurist scenarios differ from long-term economic forecasts in that futurist scenarios USUALLY:

Are not quantitative.

Cover a time span of more than 10 years. It is not unusual for futurist scenarios to cover an intergenerational time span.

Include factors other than economic and demographic.

Are for organizations & individuals wanting outlooks for the

very long-term.

NOTE: The time horizons for longer-term economic forecasting and some futurist sometimes may overlap.

 

ECONOMIC SENSORS and TREND ANALYSIS

One way of monitoring and forecasting economic trends is by creating a custom designed system of economic sensors. This serves clients by alerting them to the coming of potentially significant changes. This is similar to the dashboard monitoring system under economic development and planning.