Canadian Centre for Economic Analysis
Forecasting, Scenarios and Sensitivities
Forecasting, Scenarios, and Sensitivities The power of Canada’s largest and most detailed socio-economic platform Forecasting, Scenarios and Sensitivities CANCEA is home to Canada’s largest and most detailed socio-economic platform that is used to produce a wide variety of standard and custom forward-looking simulations tailored to suit our clients’ needs. Our forecasts and projections are used…
Forecasting, Scenarios, and Sensitivities
The power of Canada’s largest and most detailed socio-economic platformForecasting, Scenarios and Sensitivities
Our forecasts and projections are used to understand key relationships, form expectations, and reduce some of the uncertainties surrounding the future. We are able to provide the hyper-detail of forecasts because we are the only socio-economic group in North America that is backed by a best-in-class agent-based modelling platform. Our simulations are therefore bottom-up with the identification and geospatial modelling of the statistical characteristics of:
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Individual people
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Government organizations
All of our forecasts are:
- Comprehensive: Prepared using Canada’s largest and most comprehensive socio-economic platform, built to encapsulate relevant past experiences, behaviours, and future expectations. All historically relevant drivers are incorporated into our platform to ensure that their influence is determined by data and not by assumptions.
- Hyper-detail supported by a database: The information that accompanies forecasts and projections can be more instrumental to decision-makers than the forecasts and projections themselves. The detailed factors, relationships, and assumptions of the forecasts, as well as the balance of risks surrounding them, are vitally valuable to decision-makers. When we simulate forecasts and scenarios, we provide you with a database of results that you can interrogate and mine.
- Linked relationships: You’ll be able to filter results down into micro trends across all key factors and characteristics, including the linkages between them. This allows the results to be decomposable into detailed resolutions of the what, when, and how of the future.
- Regional: Prepared by region for any time horizon ranging from months to decades.
- Customized for insights : Our forecasts can incorporate your nuanced take on how future scenarios could unravel. Given our agent-based model paradigm, we are able to incorporate changes in behaviours, timing, and location of events, externalities, and the increase/decrease in constraints on people, firm, and government actions.
- Reconciled baselines and scenarios: The customized forecasts we prepare for you are baseline-reconciled to widely accepted industry expert opinions, Bank of Canada macro-economic forecasts, and Statistics Canada population forecasts. All differences between the micro detail provided by us and the macro expectations by experts and authorities are reconciled with differences validated and explained.
- Flexible and customizable: A forecasting process can vary across organizations depending on industry-specific factors and the intended use of the forecast. While accurate and comprehensive, our forecasting is flexible and detailed enough to inform a range of critical business decisions. This includes topics such as investment strategies, sales, production, workforce, location, and more. We can develop customized scenarios at a micro level to cater to different organizational needs. Additionally, sensitivity analysis can be performed to help you understand the effect of fluctuations in key variables on your decision-making process.