Economic Control Forecast Presented by: Daniel Jerrett, PhD - PowerPoint PPT Presentation

Oct 24, 2023 •301 likes •376 views

Click to edit Master title style Click to edit Master title style DRCOG Regional Economic Control Forecast Presented by: Daniel Jerrett, PhD February 15 th , 2017 Click to edit Master title style DRCOG regional control forecast Click to

Click to edit Master title style Click to edit Master title style DRCOG Regional Economic Control Forecast Presented by: Daniel Jerrett, PhD February 15 th , 2017
Click to edit Master title style DRCOG regional control forecast Click to edit Master title style • Economic-driven forecast for population, households, and employment at the regional level • Current forecast horizon: 2010-2040 • Updated forecast horizon: 2015-2040 • Development and completion: Spring 2017
Click to edit Master title style What is the forecast used for? Click to edit Master title style • UrbanSim land use forecasts • Spatial allocation of households, employment, and future development • Focus travel model forecasts • VMT, mode share, transit ridership • Metro Vision 2040 support and analysis • MV 2040 goals • Scenario planning • Testing alternative growth/development scenarios
Click to edit Master title style Update process Click to edit Master title style • Discussions with state demographer on demographic projections for the region • Internal development of an econometric model to produce a forecast • Meeting with a panel of both private and public sector economists to discuss the forecast results • Board “acceptance” of the new forecast
Click to edit Master title style Summary of modeling approach Click to edit Master title style Global Economy U.S. Economy Colorado State Economy DRCOG Regional Economy
Click to edit Master title style Click to edit Master title style QUESTIONS?

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