Industry change comparison three different years

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jeffXV1100

• May 20, 2011 18:45

Hello: I have an industry change scenario for three different years. I have nominal revenue data for 1990, 2000, and 2010. In setting up the scenario, do I change the event year for each one (i.e., do I set the event year to 1990 to match the nominal dollar values for 1990?)? OR do I inflate 1990 and 2000 nominal data to 2010 dollars and do the analysis accordingly? Many thanks for your help. (I am using IMPLAN 3).

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  DougO

  • May 20, 2011 18:48

  For 1990 you set the event year to 1990. The software will then inflate to 2009 (or whatever data you have) before applying to the multipliers. If you prefer your own deflators, you can inflate to 2009 outside the model and tell the software (set the event year) that these are 2009. In the view results, you may then change the year of data results to whatever you need (eg, 2011).

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  jeffXV1100

  • May 20, 2011 18:49

  Thank you very much!

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