Precision Economics

Precision Economics is a boutique consulting firm founded in 2023. With nearly 20 years of experience in statistical, economic and financial modelling in the public and private sector, we have the expertise to deliver the comprehensive quantitative solutions your organisation requires. We offer customised economic modelling solutions tailored to your needs. Our suite of services includes our proprietary Precision Economics Applied General Equilibrium (PAGE) model for comprehensive macroeconomic, sectoral and regional analysis; bespoke microeconomic and market models that deliver detailed industry insights, microsimulation models to evaluate individual-level impacts, and rigorous cost-benefit analyses to assess the economic trade-offs of your projects and policies- We turn complex data into clear, practical insights using cutting-edge statistical techniques and machine learning tools, helping you better understand your data to make informed decisions and to engage more effectively with governments and sector partners. For example, our Precision Index of Economic Capability and Equity (PIECE) uses a number of traditional (Census) and innovative (web-scraped and LLM processed) data sources to highlight the opportunities and challenges of Australians in real time. We offer practical training sessions and ongoing support to help your team develop and maintain in-house modelling solutions. We also can help your organisation by providing clear assessments and guidance on your current modelling tools and future strategies. If you want to see examples of the type of work we can do, have a look at our posts or head over to our website. Contact us today to discuss how our tailored economic modelling and data analytics solutions can help your organisation.