Economic Scenarios & Forecasting _____________________________________
Businesses, regions, cities, everyone needs to plan, and planning requires making forecasts and considering scenarios. It is extremely difficult to achieve accuracy in long term forecasts and care needs to be taken in the choice of underlying assumptions. Unfortunately many standard models hide these underlying assumptions, creating a 'black box' that prevents users from sense checking and testing the robustness of their models.
Economic scenarios and forecasts can be used for a variety of purposes. They can help to assess the risks to business strategy and they can also be needed to fulfil regulatory requirements in measuring the impacts of adverse economic conditions upon business.
Volterra's approaches combine statistical analysis, historical context and expert judgement to identify the most appropriate methodology. We provide transparent and accountable analysis and supporting documentation. Our models allow decision makers to input different parameters and in this way consider different outcomes, along with the likelihood of those outcomes.
If you would like to learn more about our approaches click on the related links on the right, or download the Economic Scenarios Service profile. If you have specific questions or would like further information about how we can help, email Ellie Cooper.
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