Economic consulting is the use of economic analysis to improve commercial metrics for businesses. At Economic Associates, we are focused on the use of empirical techniques that are suitable for “big data”, commercial datasets that are large, complex and proprietary to businesses in the digital age to drive this change management.
Our competitive advantage is our use of state-of-the-art empirical methodologies that are unmatched in the consulting world. Our experts straddle the worlds of industry and academia, and as a result are uniquely equipped to utilize appropriate statistical, econometric, and machine-learning tools to create commercial value using a rigorous academic approach.
We use empirical techniques that are suitable for “big data”, commercial datasets that are large, complex and proprietary to businesses in the digital age. In addition to employing big data methods, data mining models, machine learning and predictive analytics methodologies, we use formal econometric and structural models that allow us to reach academically rigorous conclusions that can inform managerial decision-making and materially impact business commercial metrics.
We use data analysis approaches such as statistical tests, regression models, non-parametric approaches, Bayesian estimation, and machine learning.
We work with and are compatible with all major statistical and econometric software packages, including SAS, STATA, SPSS, Gauss, NLOGIT (LIMDEP), R, Winbugs, Minitab, and others.
We assist with data collection, cleaning, organization, restucturing, and interpretation.