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A prototype agent-based UK household forecast expenditure model (version 3.0)

Lawson, Tony (2009) A prototype agent-based UK household forecast expenditure model (version 3.0). Working Paper. Centre for Research in Economic Sociology and Innovation (CRESI), University of Essex, Colchester, UK.

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Abstract

This is a prototype agent-based microsimulation forecasting model developed using Netlogo by Tony Lawson as part of his ESRC/BT funded studentship. It uses a subset of the British Household Panel Survey from 1991 to forecast UK households expenditure on housing, food and fuel into the future. Births, deaths and household formations are modeled using appropriate actuarial and statistical tables and/or logisitic modelling results. The population is updated once in each forecast year and the expenditure on the three items is calculated each year at the micro (household) level using a suitable regression model before being aggregated to update the charts. All expenditures are shares (%) of total household expenditure.

Item Type: Monograph (Working Paper)
Uncontrolled Keywords: household expenditure; scenarios; forecasting; microsimulation; netlogo; agent-based
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HA Statistics
Divisions: Faculty of Social Sciences > Sociology, Department of
Depositing User: Jim Jamieson
Date Deposited: 15 Mar 2012 16:23
Last Modified: 15 Mar 2012 16:23
URI: http://repository.essex.ac.uk/id/eprint/2304

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