Socio-economic forecasting

Computation of Administrative Risks and Estimates (CARE)

Socioeconomic forecasting with CARE allows a municipality to gain a detailed insight into the transitions of population groups between different social and economic states. The socioeconomic models are developed by Gmech and has been calibrated and tested against data from a Danish municipality. We collaborate with Statistics Denmark.

The mathematical models in CARE allow for simple and flexible forecasting of the future movements of various population groups in a municipality.

For example:

• How many persons will receive public welfare benefit during the coming 5 years?
• How many of these will have the lowest education level?
• What is the future costs for this?
• What will happen to the welfare costs if the level of education is increased for selected groups?
• What are the expected future costs due to diabetes II with or without preventive actions?

Computation of Administrative Risks and Estimates

• Specialized models suited to your needs
• Forecasting based on Big Data analysis
• Tell us about the specific problems of your interest
• Please contact us for a demonstration