Chicago, Illinois

Regional Modeling for Improving Public and Private Policy

Presented by Adam Fulton, Associate Economist, REMI

Date/Time
May 21, 2012
9:00 am - 3:30 pm

Location
Hilton Garden Inn Chicago Downtown
10 East Grand Avenue
Chicago, IL 60611
United States

The seminar topics will include:

REMI Models and Forecasting: Introduction to PI+
This is an inclusive introduction to the REMI family of models. This includes a description of REMI PI+, our standard model, its methodology, use, and the data included in its analytical capabilities and forecast. This will provide attendees with background for the rest of the day on modeling functioning and internal results.

Transportation: Transportation Planning and Financing in TranSight
 REMI TranSight, our dedicated model for analysis of transportation-related policy, brings together regional modeling with forecasting and travel demand models (TDMs). Here, we outline the methodology of the model, its integration with TDMs, and how it performs benefit-cost analysis (BCA) and economic impact analysis (EIA) on projects and financing scenarios for MPOs and state DOTs across the United States.

Urban Planning: Introduction to Metro-PI
This presentation reviews REMI Metro-PI, our newest analysis model. Metro-PI builds on previous methodologies for small-area forecasting—down to census-tracts, TAZ, or other user-specified level of detail. In our model demonstration, we will show how it brings together household demography, commuting, and economic development to allow planners to envision the future and make it happen.

Fiscal Analysis: REMI Tax-PI for Budget Analysis and Forecasting
States and cities face a dual crisis—fiscal and economic. This session presents a white paper using Tax-PI on the economic impact of gas taxes, grocery taxes, and military spending on state and city economies. Results include revenue forecasts, projections for expenditure needs, and dynamic feedback between the two.

Hands-on Demonstration of REMI Model (please bring laptop)

At REMI, our goal is to improve public policy. The information presented at this seminar will enable you to make more detailed and efficient forecasts about the economic effects of policy changes. There is no charge to attend this event; however, space is limited and advanced registration is required.