Custom Analysis Data Adjusted During Analysis

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Kfriel

• November 21, 2019 19:48

I am doing an analysis of a singly company's y-o-y economic impact.  When I do an analysis in parts and input the number of employees and the known annual wage for all employees, the wage gets adjusted during analysis.  i.e. this

 

Gives me this

I've tried adjusting the year and not adjusting the year.  

 

I've done this with other companies and haven't had this happen.  Any ideas?  

Thanks.

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• Official comment

  

  Wes Morgan

  • November 21, 2019 20:24

  Hello,

  The differences that you are noticing are occuring for two reasons. Firstly, Labor Income is not the same measure as Employee Compensation. Labor Income is the sum of Employee Compensation and Proprietor Income.

  Secondly, your dollar values will not match exactly due to the application of deflators and the disparity between the data year, event year, and monetary year in this particular software. The data year is the year that your model of the economy is based on - in www.implanonline.com, this will only be recent up to 2016.

  The event year is the year that you have selected this event to occur in, the year that your dollars are entering the economy. In cases where the event year exceeds the data year, we use the Bureau of Labor Statistics' Employment Growth Model to produce deflators. You should notice that if you change your event year to match the data year, your output and GDP deflators will become 1.00.

  Lastly, the monetary year in the results section is used to frame things in terms of dollars for your reporting purposes. If you were to use the same data year, event year, and monetary year, your direct output results will match exactly. 

  Thank you!

   

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  Kfriel

  • November 22, 2019 13:53

  Thank you for that detailed and well communicated response.  I really appreciate your providing this for me.

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