Industry and Economic Research
Video Transcript
Why research is Essential: 1️⃣ Providing an expert with general context about the industry of focus; 2️⃣ Informing the expert’s conceptual framework of how profits may or may not have been lost; 3️⃣ Implementing the analysis and calculation of lost profits. We use both formal and informal sources when performing industry and economic research. 📌 When performing research, there are four key questions: 1️⃣ How was the product service or demand affected? 2️⃣ How was the capacity to produce or sell effective, and what additional costs were incurred based on the alleged wrongful act 3️⃣ What was the specific behavior that resulted in the wrongful act 4️⃣ Are there regulatory issues 📌 Useful Economic Websites 🌐 https://www.Bls.Gov 🌐 https://www.Commerce.Gov 🌐 https://www.stlouisfed.org/ 🌐 https://www.Statelocalgov.net 🌐 https://www.Bea.gov 📌 Using AI 🔹Industry Data 🔹Management 🔹Trade Journal 🔹Gales Research Encyclopedia Of Trade Associations “Encyclopedia of Associations 🔹S&P Capital IQ, you can perform deep company and industry research ➡️https://apps.bea.gov/industry/factsheet/