Advantages

GREM provides simulations based on alternative scenarios and gives to the user (Regions in particular) the opportunity of choosing the more probable scenario second its expectation, instead of accepting the evaluation of the forecasting institution. The quarterly update gives also the possibility of choosing the scenario more close to the reality, as outlined by the last available information.

The flexibility of GREM is moreover increased by the opportunity to obtaining supplementary simulations based on user designed scenarios and to customizing the forecasting time horizon.

The development and the management of econometric models need time and competences not always available by local entities or for which is it not convenient to support internal costs. Consequently, become very interesting the possibility of using external and qualified competences, that allow to make available an adequate informative support to customize the service so it become more useful in the specific user activity.