Techniques

PMCA has considerable expertise and experience in the application and development of a wide range of economic principles and techniques to different client assignments.  PMCA also benefits from access to the world’s leading academic economists, econometricians and statisticians to help ensure the very highest international quality standards.

Among the economic principles and applied techniques in PMCA’s comprehensive toolkit are (non-exhaustive):

  • Economic principles – including microeconomics, macroeconomics, investment appraisal, industrial organisation, which provides the economic basis for competition and regulatory policy, labour economics, economic geography and environmental economics, and new insights from behavioural and experimental economics
  • Data handling and management (qualitative as well as quantitative data) – including data assembly from existing sources, special information request data, new primary data generation, which may take the form of specialist survey data, omnibus survey data, focus group data and information gained from face-to-face stakeholder consultations
  • Statistical analysis – including univariate analysis, bivariate analysis and cross-tabulations, and fitting well-defined discrete and continuous probability distributions to economic variables
  • Econometric analysis – including multivariate regression analysis and advanced econometric techniques, such as time series analysis, limited dependent variable analysis, count data analysis, duration analysis, panel data analysis and non-linear regression analysis
  • Other advanced multivariate analysis – including survey-weighted regression analysis, factor analysis and cluster analysis
  • Cost-benefit analysis (CBA)
  • Discounting and present value analysis
  • Investment appraisal analysis
  • Cost of capital analysis
  • Economic profitability analysis
  • Mathematical and financial modelling
  • Multi-criteria analysis (MCA)
  • Regulatory impact assessment (RIA)
  • Simulation analysis – including merger simulation, stochastic/Monte Carlo simulation and bootstrapping
  • Economic forecasting – demand, supply, macroeconomic.