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Introduction to

The Next Generation ofPolicy Insight

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Key Features of PI+

• New user interface• New national forecast methodology• New state and local government final

demand equations• Expanded consumption categories

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New User Interface - Design Goals

• Usability – A results-oriented approach that lets you focus on your work, instead of how the software works

• Capability – Expose the power that is already present in Policy Insight, making advanced features more accessible for experienced and casual users alike

• Extensibility – Create a framework for developing new features

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Incorporates Ribbon Approach Instead of Menus

• PI+ uses the Ribbon design, created by Microsoft®, and first used for the 2007 release of the Microsoft Office System

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Ribbon Advantages for PI+

• Only commands related to the current task are shown

• Functions are easy to identify, with labels and detailed pop-up descriptions

• Features are immediately apparent, rather than “buried” in a fixed menu structure.

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Integrates a Study Guide Within the Structure of the Software

• The study guide integration provides a “best practices” approach to assist in the analysis of general and specialized scenarios.

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Built-In Policy Variable Selection Tools

• Blueprints, generally defined as “a plan of action or a guide to doing something,” refer in PI+ to the fully interactive, guided interfaces such as BizDev®

• Scenarios present suggested policy variables for a specific type of analysis or project.

• Lists provide the traditional grouping by economic concept and the five blocks in the model’s design.

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BlueprintsBizDev®Custom IndustryTranslator Variables

ScenariosConstructionFarm IndustryGovernment IndustryInternational MarketsProductivitySales TaxLabor ForceMigrantsNatural GrowthSpecial Population

ListsTopics (such as Business Costs)Model Blocks (such as Output and Demand)Full Alphabetical List

Built-In Selection Tools (con’t)

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Workbook Manager in PI+

• Workbooks in PI+ are more easily treated as documents, rather than a single “big bucket” for all of your work.

• Workbook Manager helps to preview, copy, and make backups of workbooks for different projects and runs of PI+.

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Workbook Diagram

• The Diagram view, which replaces the previous Project Manager, shows a more detailed view of the forecasts in the current workbook, and the relationships between them.

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New Results Browser• Results are flexible and easy to navigate, with grouping by

concept and numerous sorting, filtering and pivoting options. Multiple chart types are available, and tables, charts and maps can be viewed simultaneously.

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New National Forecast Methodology

• Key macroeconomic variables forecasted to 2050 using historic and BLS projected trends within an internally consistent framework.

• Federal government military now explicitly a column and row of the IO table.

• Technology changes in IO table now extended to 2050.

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New State and Local Government Final Demand Equations

• Now include a response to GDP to more accurately reflect the reality that government budgets must be restricted to their revenue sources, many of which are affected by economic conditions.

• State government spending estimated separate from local government spending since response to changes in GDP are statistically different.

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Expanded Consumption Categories

• The number of consumption categories have been expanded from 13 to 79 and the parameters were re-estimated based on this greater detail.