At Precision Economics, with nearly 20 years of experience in statistical, economic and financial modelling, we have the expertise to deliver the quantitative solutions your organisation requires.
1. Fast, practical analysis
Need answers quickly? We specialise in clear, evidence-based analysis you can act on. You’ll talk directly with the people doing the work, so communication is fast and focused.
We have extensive experience working with Australian and international datasets allowing us to extract meaningful insights efficiently and accurately.
Typical examples include:
- Cost–benefit or impact assessments
- Turning complex datasets into clear insights and visuals
- Analytical support for submissions, proposals or reports
2. Advanced Economic modelling
For larger or more complex projects, we develop tailored economic models that capture the big picture and the finer detail.
Our work includes:
- Applied general equilibrium modelling (PAGE): in-house CGE framework for macroeconomic, sectoral and regional analysis
- Microsimulation and market models: individual-level or industry-specific analysis
- Custom project or policy models: from energy and housing to migration and labour markets
Every model is built around your question — not the other way around.
3. Data-driven insights and modern tools
We use the latest statistical and machine-learning techniques to make sense of complex data. That can mean traditional econometrics, Bayesian methods, or newer causal and predictive ML approaches.
We also create new datasets when needed — using web-scraping, natural-language processing, and large-language-model (LLM) tools such as our Precision Index of Economic Capability and Equity (PIECE), which tracks opportunities and challenges for Australians in real time.
4. Capacity building and advice
We share our methods openly and can help your team build its own analytical capability.
- Training and mentoring: practical sessions in modelling, programming and data analysis for economists.
- Independent reviews: we assess existing models and strategies to ensure they’re robust, efficient and future-ready.
Why clients choose us
We share our methods openly and can help your team build its own analytical capability.
- Fast and responsive — direct access to the people doing the work
- Collaborative and adaptable — we refine analysis with you along the way
- Technically strong — decades of modelling and data experience
- Clear and practical — insights presented in plain language and visuals that work
Ready to get started?
Whether you need a quick piece of analysis or a full-scale model, we’ll tailor the work to your goals and timeframe.
Get in touch →
Everything should be made as simple as it can be, but not simpler.
Albert Einstein
Simple models and a lot of data trump more elaborate models based on less data.
Peter Norvig
All models are wrong, but some are useful.
George E. P. Box
Precision Economics 