Planning & Development
A Predictive Framework for Understanding Regional Growth Trends
Planning can be reactive, for example, attempting to remedy the failings of past planning efforts with new policies and regulations; or proactive, projecting from trends to try and predict the future and then preparing plans based on that anticipated future. No one can really predict the future. Nonetheless, businesses such as insurance companies employ actuaries to help them avoid risks and optimize financial outcomes. Professionals engaged in regional planning and economic development activities can similarly utilize a proactive approach provided they have the right data and a predictive framework.
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