UK Regional Forecast
The Regionalised MDM-E3 is distinguished from most other UK models by its degree of 'disaggregation', the extent to which it breaks the economy down into different sectors. Some 41 industries and 12 regions are distinguished as integral parts of a single model, making MDM-E3 the largest model of the UK economy. Because the model solves 'bottom-up' by adding regional projections together, it does not suffer from the discrepancies between regional and macro totals that can require scaling to enforce consistency in a two-model approach. It produces consistent macroeconomic, industrial and regional forecasts.
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