Information technology transfer in econometric forecasting: a pictorial approach

Abstract

Successful information technology transfer requires effective communication and clear, concise information exchange. This paper, using the Louisiana econometric model as a case study, proposes a pictorial approach to present and manage complex factors essential to information technology transfer. The approach utilizes multi-layer entity-relationship diagrams to provide a meaningful framework for the entire forecasting process, provide clarity to ensure better model maintenance when changes in social/economic structures require reformulations, and provide a procedural and data dictionary for clear documentation. The pictorial approach is both intuitive and readable, capable of serving as a task management tool, a model implementation aid, and a system maintenance resource.