Keynes once called it “statistical alchemy”. In reality, it’s a more prosaic practice! Econometrics is the application of statistical methods to study economic problems. Wherever accurate figures are required to quantify or outline economic arguments, you will find an econometrician.
Econometric techniques are widely used within industry and government. We undertake econometric and statistical analysis in a wide range of areas such as:
- quantitative analysis for trade practices matters
- valuation of intellectual property rights
- estimation of damages
- demand forecasting
- transfer pricing
- credit risk.
Our strength is in choosing the appropriate tool for the business or policy issue under investigation. Sometimes the effective use of graphical or other simple data analysis tools will provide the appropriate insights. When things get more complex, we have the capability to apply a wide range of leading edge econometric and statistical tools for analysis and forecasting.
We pride ourselves on our ability to communicate complex analysis clearly and in terms that are intuitive to non-economists.