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2016 – 2036 Washoe County Consensus Forecast

2016 – 2036 Washoe County Consensus Forecast. WRWC Agenda Item 8. Jeremy M. Smith, TMRPA 8/17/2016. 2016 Consensus Forecast. What is a “consensus” forecast? Combination of several sources Why use a consensus approach? Minimize bias and tends to increase accuracy

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2016 – 2036 Washoe County Consensus Forecast

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  1. 2016 – 2036 Washoe County Consensus Forecast WRWC Agenda Item 8 Jeremy M. Smith, TMRPA 8/17/2016

  2. 2016 Consensus Forecast • What is a “consensus” forecast? • Combination of several sources • Why use a consensus approach? • Minimize bias and tends to increase accuracy • 2nd definition of consensus –> align community outlook • How is it used in our region? • Context for long-range planning efforts

  3. Data sources • Assessment of forecasted population and employment growth; performed every 2 years by TMRPA to inform planning efforts across the region. • Sources • Nevada State Demographer • Truckee Meadows Water Authority • Woods and Poole • IHS – Global Insight

  4. 2016 Consensus Forecast • The consensus forecast also projects: • Changes in age cohorts • Employment by industry • Income levels • Jurisdictional splits

  5. Questions?

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