Initial Model Overview

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2 comments

  • Avatar
    IMPLAN Support
    Hi Joseph, Thank you for your post! The Model Overview screen is the economic information about the geographic region used to build your Model. It does not have any connection to what you are modeling in the software. However, the Model Overview screen can tell you if your impact results are realistic for the region though. As it would not make sense for your results to be higher than the amount that is in the geographic area. For example, the Real Estate Sector in your Model Overview is $350MM but lets just say that your Output Results was $378MM; this wouldn't make any sense. Even though you did not Directly impact the Real Estate Sector; this was an impact through the Indirect and Induced effect. You can look to see the Sectors impacted by your Direct impact: Detail Results > sort by Direct or Induced for whichever Economic Factors you want to look at it by: Employment, Labor Income, Value Added and Output. The tax results are actually a mix of state/local and at this point not able to be split. Although we are working on a way to split out the taxes; we do have a multi step process for you to split apart the state/local taxes. Please let us know if you are interested! One possibility, usually tourism studies involve a large number of retail purchases. If you used Retail Sectors, did you set the pop-up to Gross Retail Margin instead of Gross Retail Sales? Did you use a different methodology in creating your impact?
  • Avatar
    IMPLAN Support
    Hi Joseph, Thank you for your post! The Model Overview screen is the economic information about the geographic region used to build your Model. It does not have any connection to what you are modeling in the software. However, the Model Overview screen can tell you if your impact results are realistic for the region though. As it would not make sense for your results to be higher than the amount that is in the geographic area. For example, the Real Estate Sector in your Model Overview is $350MM but lets just say that your Output Results was $378MM; this wouldn't make any sense. Even though you did not Directly impact the Real Estate Sector; this was an impact through the Indirect and Induced effect. You can look to see the Sectors impacted by your Direct impact: Detail Results > sort by Direct or Induced for whichever Economic Factors you want to look at it by: Employment, Labor Income, Value Added and Output. The tax results are actually a mix of state/local and at this point not able to be split. Although we are working on a way to split out the taxes; we do have a multi step process for you to split apart the state/local taxes. Please let us know if you are interested! One possibility, usually tourism studies involve a large number of retail purchases. If you used Retail Sectors, did you set the pop-up to Gross Retail Margin instead of Gross Retail Sales? Did you use a different methodology in creating your impact? Thanks!

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