Hybrid Econometric Model - uk.mathworks.com€¦ · investment levers Blending mulple datasets...
Transcript of Hybrid Econometric Model - uk.mathworks.com€¦ · investment levers Blending mulple datasets...
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Hybrid Econometric Model Measuring Economic Impacts
Sanjeev Naguleswaran and John Colombo May 2016
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Applica)onofDataScience
Majorareasoffocusfortheanalysisare:
• Economicdevelopmentandassociatedbenefits
• Investmentpriori=sa=on(orjus=fica=on)
• Businessengagement
• Tourism
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Measuring Economic Benefits
1. The Hybrid Econometric Model:
• Overview of Matlab based modelling approach
• The benefits of the Matlab approach
• The development of interface and outputs
• The reusability of the modelling approach – Matlab Compiler
2. A demonstration of the interactive economic modelling outputs
using TIBCO Spotfire
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UseCase–MeasuringBenefit
2.Defineimpact/benefit
indicators
3.Undertakeeconomicmodelling
1.Establish,hostandmaintainananaly)csplaHorm(onlineenvironment)
Economicindicators:- E.g.GDP- E.g.Job
forecasts
Economic
Environmental
Socio-economic
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OverviewofRequirements
1.Definetheexpenditure
scope
2.Gatherhistoric
economicdata
3.Understandtheeconomicsignificanceofinvestment
areas
4.Combineexpendituredatawithinvestmentsignificancefactors
5.Visualisetheoutputswithdynamicinvestment
levers
Blendingmul)pledatasetstogether
Gatheringthebuildingblocksforamodelthatispragma)c,innova)ve,and
customised.
Analysingthedatainaninnova)veway
Usingsophis)catedalgorithmsto‘learn’whichinvestmentcategorieshave
contributedthemosttotheeconomyover)me
Visualisingthedatainacontemporarymanner
Presenta)onofoutputsinamodern
way,replacingsta)creports
6.Publishtheoutputs
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The‘NormalEconomy’-whatwouldhappenanyway
Definetrend:Basedoneconomicindicatorsinthefollowingareas:• Investment• Consump=on• InterestRates• Wages• Produc=vity
Matlabforunderstandingthe
currenteconomyToolsouttheboxfor)meseriesanalysisandtrendforecas)ng• DSGEModel–Econometrictoolbox• DSGEModel–Opensource/Public• VARmodel–FileExchange• CodeupmodelyourselfusingMatlab
func=ons
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Conceptual model • Provides the ability to to quantify economic benefit of an investment
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Using Data Science for Prediction
Define categories: Based on expenditures to key ABS economic categories • Government and Private
Consumption • Industry sector financial figures • Transport/Tourism Expenditures
Matlab for Machine Learning Tools out the Statistical and Machine Learning Toolbox for Analysis • Classification Learner for easy picking
of ideal classification tool • Regression based ensemble of trees • Determine significance of predictors/
features
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Determining Significance of Predictors/Features
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Interface to Interactive Tools
Output: Is based on outputting well formatted data tables • Category vs. percentage • GDP Results • Jobs Results
Matlab for interfacing Standard Matlab functionality • Output csv files • Output tables • Connect directly to Tibco Spotfire
through Statistics Services • We used Matlab Compiler to provide a
stand alone executable to interface with Strategenics’ Spotfire platform
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TIBCO Spotfire Interface and outputs
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Hybrid Econometric Model
We will now provide a demonstration of the interactive model
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Hybrid Econometric Model
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Hybrid Econometric Model
Whentheinvestment‘levers’aremoved,alloca=onsofplannedinvestmentaredynamically
changed,impac=ngtheoutputs
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Hybrid Econometric Model
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Hybrid Econometric Model
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ThePlaHorm–EachStageofInvestment
1.Establish,hostandmaintainananaly)csplaHorm(onlineenvironment)
Economicindicators
Environmentalindicators
Socialindicators
Economicmodelling/forecas)ng
Datacollec)on/visualisa)on
Datacollec)on/visualisa)on
Pre-investment Duringinvestment Postinvestment
Ongoingdatacollec)onandanalysis
Ongoingdatacollec)onandanalysis
Ongoingdatacollec)onandanalysis
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Thankyou!JohnColomboPrac=ceLead–DataScience&Analy=csStrategenicsPhone:[email protected]
SanjeevNaguleswaranPrincipalConsultantStrategenics
Contactus1300436427(GENICS)www.strategenics.com.auTwieer:@strategenics