Industry Event

An Industry Event is appropriate when your goal is estimating the effect of a production change and the industry experiencing the change is known.

There are four types of Industry Events:

1. Industry Output
2. Industry Employment
3. Industry Employee Compensation
4. Industry Proprietor Income

These four Events Types behave in very similar ways. You should pick from one of these four Events based on which value you have available: Output, Employment, Employee Compensation or Proprietor Income, as this selection determines the appropriate value you should enter as your Event input Value, but the three other Values can be provided additionally through the Event Advanced Menu if they are also known.