Description
Assume that the county that you are employed in as an economic developer views economic analysis with hostility. The county personnel often make statements such as:
(a) we don’t use analytical models
(b) an analytical model is of no help unless you have a complicated, high-cost analyst. How would you answer these objections, considering the basic structure of economic development decision-making?
Tempus management wants you, the economic developer of Randolph County, to carry out an objective analysis of the problem situation.
Describe the methodology of such an analysis and calibrate relevant models
