REMI
The Regional Economic Model Incorporated (REMI) Policy Insight was used to generate the economic impact of a new medical facility on Lee County’s Economy. REMI Policy insight is a leading regional economic modeling tool used to generate realistic year by year estimates of the total regional impacts of any policy changes. REMI combines the strength of different analytical tools such as, input-output, econometric, and economic base models. The model is calibrated to local conditions using a relatively large amount of data. This allows the user to manipulate a large amount of input and produces forecasts for a large amount of output variables. Unlike other microcomputer based regional forecasting models, REMI accounts for business cycles and allows the user special flexibility in analyzing the timing of economic impact.
REMI Policy insight is a leading regional economic modeling tool used to generate realistic year by year estimates of the total regional impacts of any policy changes. REMI combines the strength of different analytical tools such as, input-output, econometric, and economic base models. The model is calibrated to local conditions using a relatively large amount of data. This allows the user to manipulate a large amount of input and produces forecasts for a large amount of output variables. Unlike other microcomputer based regional forecasting models, REMI accounts for business cycles and allows the user special flexibility in analyzing the timing of economic impact.
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