Economic impact evaluation and attribution modeling, including the calculation formula connecting promotional investment to national economic outcomes.
This service produces the evaluation, the attribution model, and the calculation formula. It answers what a destination needs to calculate: which specific investment produced which economic outcome, and what data and calculation method make that answer defensible.
It starts with what the destination already has. National and regional data often exists already, inside the DMO, a migration service, a statistics office, an airport authority, or another government department, and sits unused or unshared between them. The work identifies what data exists, works toward bringing it into use where departments are willing to share, and produces recommendations for both making better use of existing sources and acquiring new ones.
The output is a blueprint: the attribution model and the formula used to calculate impact, along with a recommendation for the business intelligence infrastructure a destination would need to run it at scale, if any.
Inventory of what data already exists across the DMO and other government departments, including sources sitting unused or unshared, such as migration records, statistics offices, or airport authorities, alongside what would genuinely need to be purchased or built to close remaining gaps.
Selection of the attribution methodology and multiplier approach suited to the destination's data maturity and the questions the client needs answered.
The calculation formula itself: the specific method for turning available data into a defensible economic impact figure. This is the core deliverable, the blueprint the destination can run against.
An assessment of what business intelligence infrastructure, if any, the destination would need to run the model at scale, delivered as a recommendation for the client to act on.
The public-facing reporting structure, defining what gets published, how often, and to what standard of verification, delivered with full documentation for the team that will run it going forward.
Led by Woodrow Oldford, Managing Principal of Oldford Global Consulting. Full background →
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Oldford Global works with governments, ministries, and DMOs on the attribution models that connect promotional investment to verified economic outcomes.
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