There has always been a need for policy to be grounded in evidence, but at a time when money is becoming tighter across the public sector, that need becomes even greater. Resources must be targeted where they can make the most difference. Gaining understanding of the future impact of policy decisions is therefore invaluable.
Past experience and local knowledge can provide some of that understanding, but it can’t tell us everything about the future. That is where tools like the Observatory’s Policy Assessment Model (PAM) come in.
This short slidecast explains why the Policy Assessment Model (PAM) was developed, how it works and how it can be used.
The Policy Assessment Model goes beyond standard forecasting tools (although it will produce forecasts). It allows the direct and indirect impacts of a wide range of policy options and scenarios to be modelled over the long-term, allowing more informed decisions. It is capable of modelling impacts on the economy, the population and the local authorities within the West Midlands.