How are the forecasts of the Ocean and Coastal Economy prepared?
The forecasts of Ocean and Coastal Economic data are in cooperation with Moody’s/Economy.com, a leading provider of economic data and forecasting services. Coastal Economy forecasts in NOEP show the population, employment, wage, and GDP forecasts for the county-based regions (coastal zone counties, watershed counties, upland counties, and inland counties). County-level forecasts are not shown in the NOEP database as they are the property of Moody’s/Economy.com. Ocean Economy forecasts are currently shown at the state-level for the Ocean Economy sectors and for the total Ocean Economy. Data are available for employment, total wages, and gross state product. The Ocean Economy forecasts are prepared by NOEP based on the industry level forecasts prepared by Moody’s/Economy.com. Forecasting models are fit for each sector in each state and the Ocean Economy forecast is the sum of the individual sector forecasts. Forecasts currently available from NOEP are based on the August 2005 forecast pr
