Forecasting, Scenarios and Sensitivities
The power of Canada’s largest and most detailed socio-economic platform
Forecasting, Scenarios and Sensitivities
CANCEA is home to Canada’s largest and most detailed socio-economic platform that is used to produce a wide variety of standard and custom forward-looking simulations tailored to suit our clients’ needs.
Our forecasts and projections are used to understand key relationships, form expectations and reduce some of the uncertainties surrounding the future. We are able to provide the hyper detail of forecasts because we are the only socio-economic group in North America that is backed by a best-in-class agent-based modelling platform. Our simulations are therefore bottom-up with the identification and geospatial modelling of the statistical characteristics of:
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individual people
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million firms
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industries
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goods and services
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occupations
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government organizations
All of our forecasts are:
- Comprehensive: Prepared using Canada’s largest and most comprehensive socio-economic platform, built to encapsulate relevant past experiences, behaviours and future expectations. All historically relevant drivers are incorporated into our platform to ensure that their influence is determined by data and not by assumptions.
- Hyper-detail supported by a database : The information that accompanies forecasts and projections can be more instrumental to decision-makers than the forecasts and projections themselves. The detailed factors, relationships and assumptions of the forecasts and the balance of risks surrounding them are vitally valuable to decision-makers. When we simulate forecasts and scenarios, we provide you with a database of results that you can interrogate and mine
- Linked relationships: You’ll be able to filter results down into micro trends, across all key factors and characteristics, including the linkages between them. This allows the results to be decomposable into detailed resolutions of the what, when and how of the future.
- Regional: Prepared by region for any time horizon ranging from months to decades.
- Customized for insights : Our forecasts can incorporate your nuanced take on how future scenarios could unravel. Given our agent-based model paradigm, we are able to incorporate changes in behaviours, timing and location of events, externalities, and the increase/decrease in constraints on people, firm and government actions.
- Reconciled for counterfactuals: The customized forecasts we have prepared for you are baseline-reconciled to widely accepted industry expert opinions, Bank of Canada macro-economic forecasts, and Statistics Canada population forecasts. All differences between the micro detail provided by us and the macro expectations by experts and authorities are reconciled with differences validated and explained.
- Flexible and customizable: A forecasting process can look different for different organizations based on their industry-specific factors and how the forecast is being used. While accurate and comprehensive, our forecasting is flexible and detailed enough to inform a range of critical business decisions, such as investment strategies, sales, production, workforce, location and more. Customized scenarios can be developed at the micro level to satisfy different organizational experts. Sensitivity analysis can be performed that allows you to understand the effect of fluctuations in key variables on your decision-making process.
More than 400
Leading companies and government institutions
Trust our services for policy and business-critical forward-looking analysis.
Why
CANCEA?
We are trusted. More than 400 leading organizations in Canada and the UK, including governments, associations and businesses trust our services and data products. With over 20 years of critical thinking and analysis across a range of socio-economic and strategic issues, we have a deep knowledge of regional and local communities, their resources and the challenges they face.
All of our socio-economic analysis, across 800 topics and over 56,000 local regions, are modelled as one system in one simulation platform ensuring the quality and consistency of insights generated across all locations and topics.
Our systems approach allows for best-of-class data generation and forecasting from hyper detailed trend and causation analysis.
Regional information that extends beyond traditional data sources to ensure that the best information on local area populations and economies can be utilized.
Hyper detailed information accompanies our insights, predictions and forecasts. Hyper detailed trend and causation analysis is determined by data with little reliance upon assumptions.
The sheer richness of our data and simulation capabilities, both in terms of who, what, when and where and the relationships between them drive an ability to answer many more questions.
As a strictly data-driven firm, we are necessarily apolitical. The consistency of our hyper-detailed local data can be summed and independently verified against official projections by government statistical agencies, central banks and the OECD.
Our dedication to a one-model systems approach with hyper-trend and causal analysis keeps assumptions to a minimum. Any assumptions are shared openly, so you and others can use our results with confidence.
With modern technology, methods and access to data, high-quality socio-economic analysis and data should not cost as much as it does. We’ve made the investments and are keen to disrupt the industry with highly cost-effective services that matter to you.
Latest Reports
Explore our latest ground-breaking social and economic research that our socio-economic and thought leadership experts have delivered for our clients.
