Sum of Household Demands

Hi, I have some questions about the differences among sum of Households presented under "Study Area Data," "Social Accounts," and "Industry Accounts." For example, the data is from 99654 zip code in Alaska of 2011. 1. IMPLAN Model>Study Area Data>Institutional Commodity Demand: In this case, I see a sum of household of $1,952,161,710. 2. IMPLAN Model>Social Accounts>Institutional Local Commodity Demand: I see a sum of household of $892,261,490. 3. IMPLAN Model>Industry Accounts>Institutional Industry Demand: I see a sum of household of $880,863,757. I could not find a satisfatory explanation under IMPLAN glossary. Could you clarify the definition of household demands under each option? Is the figure in #1 the total demand, while #2 is limited to the demand only from the local area? And I am not sure if I understand the slight difference in the figures between #2 and #3. Your help will be appreicated. Thank you!
Was this post helpful?
0 out of 0 found this helpful

Comments

1 comment

  • Hello Brian, You are absolutely correct in regards to the difference between the Study Area Data and the value in Social and Industry Accounts is the difference between total gross commodity demand and local commodity demand. We actually aren't seeing the difference between the Social and Industry Accounts when we build a Model of this ZIP Code in house. These two values should match. Could you please zip up your Model and send it to implangroup@implan.com if you are still seeing a variance in this. Thanks!
    0

Please sign in to leave a comment.