State and Local Government Revenue Forecasting:
RevCast, American Economics Group, Inc.'s (AEG's) custom-built revenue forecasting model, generates comprehensive and detailed monthly forecasts of collections from state or municipal tax structures. AEG's approach simultaneously accounts for the full interaction between each tax and key economic variable to forecast your entire revenue structure consistently and accurately.
Revenue Forecasting Environment
With full model details available, you can trace the influence of variables and assumptions, alter them, and perform "what-if" analysis without restrictions. You can reverse the estimating procedure by varying inputs until you hit revenue targets to see what kind of economic environment would produce those resultsa particularly useful feature for budget negotiations.
for Your Jurisdiction
Once we have customized and thoroughly tested the RevCast equations for your jurisdiction, you are ready to produce forecasts for up to a five-year horizon. RevCast creates monthly target ranges, which become the basis for a monthly tracking and early warning system to notify you of likely revenue shortfalls or surpluses.
There is nothing like RevCast on the market. No other product or service provides the same level of accuracy and detail, opening the black box to give you access to all the equations and model features. Use it in simple form to generate forecasts automatically or get under the hood and adjust any component you choose. A working tool customized to your revenue structure, RevCast is the best revenue forecasting model available.
RevCast is a trademark of American Economics Group, Inc.
EViews is a windows-based economic analysis software package of Quantitative Micro Software.