Regional Population Forecasts
As governments, firms, and bondholders alike consider the viability of long-term projects and municipal bonds, one major component of project viability is often population. The likelihood of a revenue bond, for example, being restructured or not will depend on government’s future tax base, which depends in part on population.
DI’s regional population forecasts provide clients with credible population forecasts of trends in states, counties, and large cities. The projections are founded on the best currently available data and research, and forecast forward up to 40 years for large areas and 10 years for small areas. These forecasts not only provide clients with credible estimates of the total population, but also of age- and sex-specific categories such as school-age, working-age, or retirement-age populations. Other demographic categories can be forecast at the client’s request.
Finally, because the future is uncertain, our model provides clients with more than just a single point-forecast of the future. Clients can request as many forecast scenarios as they would like, creating population forecast outputs to reflect different potential future events, helping the end user consider their options under risk and uncertainty. Once a client has bought a forecast for a specific region, updates to that forecast will be carried out on a regular basis as new data becomes available, for as long as the client continues to subscribe to that forecast product.
99+% Accurate Predictions
While no forecast can achieve perfect accuracy, our forecasts have been more than 99% accurate in 7 of the last 9 years, and more than 97% accurate in all of them. We constantly monitor the latest data relevant to fertility trends, and have greatly increased our model’s accuracy since 2016 to account for the changing behaviors of the Millennial cohort.