Understanding the key drivers of your industry is crucial to make better decisions. NIEIR’s models balance analysis between historical trends and causation.
We maintain a range of in house models and produce a wide variety of custom economic models tailored to suit our clients’ needs. NIEIR models are significantly closer to reality then general equilibrium models and do not assume away mathematically inconvenient aspects of the economy. NIEIR incorporates all historically relevant drivers into its models to ensure that their influence is determined by data and not by assumptions. Although econometric relationships can provide evidence of the direction of causation, the evidence is never conclusive. Our models provide a structure in which the complexities revealed by econometric analysis can be formalized and brought into a logical relationship for forecasting purposes.