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... For nearly thirty-five years, its forecasts, models, and consulting services have been used by American and international businesses and governments. Inforums forecasts and analysis are based on economic models that combine input-output analysis with econometric equations about consumer and investment behavior to forecast output, prices, and employment for up to 320 detailed industries to the year 2020. ...
Inforums Long Term Interindustry Forecasting Tool (LIFT) provides forecasts for macroeconomic and industry variables to the year 2020 and bridges the gap between aggregate economic activity measured by GNP or GDP and the specific markets in which the products are sold. These forecasts provide valuable information for up to 97 detailed industries on:
Future production
Consumption
Imports
Exports
Labor costs (including Social Insurance and health insurance contributions). ...
The LIFT model is an integrated interindustry macroeconomic model. At its core is the interindustry model, which calculates sectoral outputs based on econometric forecasts of demands for each good, as well as the dynamically changing structure of the economy.
Approximate Word count = 677
Approximate Pages = 2.7
(250 words per page double spaced)
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