Minneapolis, Minnesota, May 13, 2001 -
Dakota Worldwide in conjunction with Synergos
Technologies has announced the release of quarterly population forecasts
by block group for the US.
Elliott Olson in collaboration with Robert Welch of Synergos Technologies
state that the reason they started doing their own estimates is because
the conventional methods did not have the small area accuracy that their
clients in the petroleum, restaurant, pharmacy grocery, banking and mass
merchandising needed to stay ahead of competition. In addition clients
doing statistical analysis on their customer and trade areas really needed
more accurate population and income data to reduce the static levels in
the analysis process.
We really saw the shortcomings of the traditional approaches when we
compared the 2000 actual with the 2000 estimates. We knew there had to
be a better way and we found it. Growth can now be pinpointed to smaller
and more precise areas than has been previously possible. Olson stated,
"This dog can hunt."
Greater accuracy is achieved with a proprietary bottom-up methodology.
We start at the lowest level of geography possible-ZIP+4- and move up
the ladder of standard US Census Bureau geography. ZIP+4 works well
because it is extremely detailed with over 28 million records, covers all
major population centers, can be statistically adjusted and can be
aggregated into any geography necessary. Since ZIP+4 is specific to a
group of houses (typically 4 to 12) or a building, we can literally see
structures come "on line" as they are finished being built and occupied or
in some cases demolished. We use a series of checks and balances to
validate our results by consulting with other state and federal agencies
whose data is independently gathered. Since our method and controls
stem from entirely different sources we are able to provide the most
unbiased estimate possible.
Dakota Worldwide Corporation is the nations foremost authority in market
analysis and is the number one provider of market analysis software for
the supermarket industry. Synergos Technologies is an Austin Texas based
desktop mapping consultancy and developer of software data and
demographic tools. STI's product line includes several innovative
desktop-mapping tools created by the company's developers.
More information on the quarterly updates can be obtained by contacting
Dakota World Wide at 1-800-475-4505, or by email at
e.olson@dakotaww.com
Dakota Worldwide Corporation
4801 West 81st Street, Suite 105
Minneapolis, MN 55437