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Econometric Analysis & Regulatory Impact Analysis
Econometric analysis is a way of modeling a particular industry by applying statistical methods to the study of economic theories and relationships. One of the main purposes of econometrics is to change qualitative statements into quantitative mathematical forms that lend themselves to measurement. These statements can then be empirically proven, disproven, measured and compared. Regulatory Impact Analysis (RIA) is a formal plan for responding to the potential impact of policy on regulatory initiatives. This is accomplished through a quantitative or qualitative evaluation of the action’s impact on citizens, businesses, and government. RIA analysis typically shows that the benefits of a proposed action do not justify its costs. The Weinberg Group has extensive experience in performing both these types of analysis for clients, providing the following key tasks:
- Determine the real impact of proposed regulation
- Develop a value analysis that shows both total societal economic impact and provides attention-getting examples
- Identify the impact of demand stigmatization
- Characterize approaches to key issues of public concern raised by regulation
- Evaluate the effects on small and medium size business entities
For more information please contact Matthew R. Weinberg, CEO, at
+1 202.833.8077 or email matthew.weinberg@weinberggroup.com
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