Industry Code 47 - Sector Missing Error
I am working an impact analysis for Industry 47 specifically NAICS 221117 however when I attempt to add a new event I receive "Sector Missing Error" message. Would you please help me find an appropriate replacement for this Industry Sector or provide me with assist by walking me through Analysis-By-Parts?
Thank you.
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Hello, You are on the right track of recommendation of how to model an impact on a sector that doesn't exist in the year's data. The basics of ABP involve importing the spending pattern for the Industry and running a Labor Income Change for it's wages. Please have a look at our recent webinar (https://www.youtube.com/watch?v=ClqdO9-wqgU&feature=youtu.be) and refer to the article (http://implan.com/index.php?option=com_content&view=article&id=359&Itemid=1797) If your are not sure about the plant or if you have any questions about why it's not in the data; if you could provide some additional detail, we'd be happy to do some more digging. Please let us know if you have additional questions. Best regards, IMPLAN Group Staff -
Hello, You are on the right track of recommendation of how to model an impact on a sector that doesn't exist in the year's data. The basics of ABP involve importing the spending pattern for the Industry and running a Labor Income Change for it's wages. Please have a look at the following article (http://implan.com/index.php?option=com_content&view=article&id=359&Itemid=1797)and [url=https://youtu.be/ClqdO9-wqgU]webinar[/url] If your are not sure about the plant or if you have any questions about why it's not in the data; if you could provide some additional detail, we'd be happy to do some more digging. Please let us know if you have additional questions. Best regards, IMPLAN Group Staff!
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