Synergies has experienced econometricians with extensive applied econometrics advisory experience in the business and government sectors. In econometric analysis we apply statistical methods to economic data in order to give empirical content to economic relationships.
Such projects typically commence by setting out a theoretical framework, test a wide range of potentially relevant candidate variables and their interaction as well as model specifications and conclude with a comprehensive statistical report on the best models. Results can be used in range of applications:
While the techniques applied are always similar, we tailor the level of detail we report to the requirements of the issue at hand. For example, a demand forecasting report will focus on the outcomes of the econometric analysis while an econometrics report in the stricter sense has a stronger focus on the process and statistical considerations.
Our econometric analysis expertise has been utilised on many different projects including for federal government and major business.
Case study
Euan Morton of Synergies was engaged as an independent economic expert by Clayton Utz (representing Pacific National (PN)), in court proceedings initiated by the Australian Competition and Consumer Commission (ACCC) who alleged that PN’s proposed acquisition of Aurizon’s intermodal business would substantially lessen competition in the transportation of non-bulk freight.
Synergies examined the relevant market(s) for intercity non-bulk freight services and the effectiveness of road and rail competition and, in particular, the influence of ...
Case study
Synergies, in collaboration with Jacobs, was engaged by the Commonwealth Grants Commission (CGC) to review and improve the model currently used to determine State urban transport and infrastructure expenditure requirements. The model we proposed will help form the basis for the future allocation of transport-related GST funds. The report was recently published on the CGC website and can be downloaded below.