Methods and Tools for the Microsimulation and Forecasting of Household Expenditure

Lawson, Tony (2008) Methods and Tools for the Microsimulation and Forecasting of Household Expenditure. Working paper. Technology and Social Change Research Centre, Colchester.

[img]
Preview
PDF (TWP-2008-01-Budget-Microsim-03-09-08)
TWP_2008_01_Budget_Microsim_03_09_08.pdf
Final Published Version

Download (854kB)| Preview

    Abstract

    This paper reviews potential methods and tools for the microsimulation and forecasting of household expenditure. It begins with a discussion of a range of approaches to the forecasting of household populations via agent-based modelling tools. Then it evaluates approaches to the modelling of household expenditure. A prototype implementation is described and the paper concludes with an outline of an approach to be pursued in future work.