Systems and methods for forecasting household economics
First Claim
1. A method of forecasting household economic data based on a macroeconomic scenario, the method comprising:
- maintaining, in storage media of a computer, household survey records representing information about households;
adding, to the storage media, geodemographic segment identifiers to the household survey records, so that each of the household survey records is associated with a geodemographic segment;
aggregating, using a processor of the computer, the household survey records by the geodemographic segment identifiers to produce segment-level records; and
applying, using the processor, an econometric model to the segment-level records, the econometric model using macroeconomic forecast assumptions related to the macroeconomic scenario, the econometric model producing economic forecasts for each of the geodemographic segments;
wherein the produced economic forecasts include predicted income and expenditures for each of the geodemographic segments, the predicted income and expenditures relating to the macroeconomic scenario.
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Abstract
Systems and methods of forecasting household economic data. In one embodiment, the forcast is made based on a macroeconomic scenario. In this aspect, a storage media of a computer maintains household survey records, and geodemographic segment identifiers are added to those records. A computer processor is used to aggregate the household survey records by geodemographic segments. The resulting segment-level records can be applied to an econometric model, and the model can use macroeconomic forecast assumptions related to the macroeconomic scenario, thus producing economic forecasts for the geodemographic segments. The economic forecasts that are produced may include predicted income and expenditures for each of the geodemographic segments.
245 Citations
16 Claims
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1. A method of forecasting household economic data based on a macroeconomic scenario, the method comprising:
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maintaining, in storage media of a computer, household survey records representing information about households; adding, to the storage media, geodemographic segment identifiers to the household survey records, so that each of the household survey records is associated with a geodemographic segment; aggregating, using a processor of the computer, the household survey records by the geodemographic segment identifiers to produce segment-level records; and applying, using the processor, an econometric model to the segment-level records, the econometric model using macroeconomic forecast assumptions related to the macroeconomic scenario, the econometric model producing economic forecasts for each of the geodemographic segments; wherein the produced economic forecasts include predicted income and expenditures for each of the geodemographic segments, the predicted income and expenditures relating to the macroeconomic scenario. - View Dependent Claims (2, 3, 4, 5, 6)
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7. A computer system configured to construct an econometric model to forecast economic data for population segments, the system comprising:
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an input data source maintaining historical economic data for individual population units; a processor configured to communicate with the input data source; an aggregation module, stored on a computer-readable medium and configured, when executed on the processor, to combine the historical economic data with geodemographic segmentation data comprising geodemographic segments corresponding to the individual population units; and an analysis module, stored on the computer-readable medium and configured, when executed on the processor, to apply a statistical analysis procedure, using the historical economic data combined with the geographic segmentation data, to produce an econometric model configured to receive a set of macroeconomic variables and produce a forecast of economic data for each of the geodemographic segments. - View Dependent Claims (8, 9, 10, 11, 12)
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13. A method of predicting income and expenditures given macroeconomic situation assumptions, the method comprising:
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maintaining an econometric model on a computer storage device, the econometric model being constructed with historical economic data for households mapped to population segment data, the model configured to predict income and expenditures for population segments based on macroeconomic situation assumptions; applying, at a processor connected to the computer storage device, the econometric model to the given macroeconomic situation assumptions; and receiving income and expenditure predictions for one or more population segments as output from the econometric model. - View Dependent Claims (14, 15, 16)
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Specification