DEMOGRAPHIC FORECASTING & ANALYSIS
At Edge Analytics, we can help you to make sense of demographic change, and better understand the implications for your business and service plans.
Whether this is through the development of population and household projections, the analysis of historical population change, or the demographic profiling of areas and populations, we can help.
WHAT IS DEMOGRAPHIC FORECASTING?
Demographic forecasting involves analysing how populations change as a result of variations in fertility, mortality and migration, and other external factors, such as housing or employment growth.
At Edge Analytics, we use our POPGROUP and VICUS forecasting models to develop robust and defendable population growth scenarios using recent evidence on births, deaths and migration.
Our demographic forecasting models operate on any type of macro or micro-geography (such as regions, local authority, wards, bespoke geographies) and for unlimited forecast horizons.
WHY IS DEMOGRAPHIC FORECASTING IMPORTANT?
All populations change over time as people are born, die and move into and out of areas. The UK’s population is ageing, with wide-ranging implications for health care, wealth distribution, pension provision, housing, transport and employment policies.
Understanding where, when and how these changes might occur is therefore vital for service and business planning.
We provide demographic forecasting and analysis services to clients across a range of sectors, such as local authorities, the water industry, education and energy.
The UK's population has grown by 25% since 1961, with 12% of this growth occurring since 2001.
Successive national projections have indicated the UK population could reach 72.5-74.5 million within 25 years.
As the large birth cohorts of the 1950s and 1960s experience longer life expectancies, by 2040 there will be nearly 10 million people aged 75+
