Interpretation of Output
When doing an industry change analysis with multiple events, I am getting what seems like a strange result: the output number I get for one event category is way smaller than the original expenditure value I inputted. It seems like it should be at least as large as the original number, and that is what I am getting with my other two event categories. Am I interpreting the output number incorrectly?
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IMPLAN SupportHi Lisa, Thank you for your post. You can view the wage/salary split here. This spreadsheet is if you are using the 2013 data set, if not, please let me know and I will provide you with the 2012 spreadsheet. [attachment=623]Convert_IMPLAN536_Employment_to_FTE_and_Income_to_EC_2015-04-09.xlsx[/attachment]0 -
IMPLAN SupportHello Mark, Output represents the value of industry production. In IMPLAN these are annual production estimates for the year of the data set and are in producer prices. For manufacturers this would be sales plus/minus change in inventory. For service sectors production = sales. For Retail and wholesale trade, output = gross margin and not gross sales. It sounds like you are using a Retail Sector and are looking at the retail Sectors sales values. You thus correctly chose GRS and this reduced the value applied to the Multipliers to represent only the [url=http://m.implan.com/index.php?option=com_content&view=article&id=226]retailers portion of the sales[/url].0
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