econometrics Models

These models and simulations have been tagged “econometrics”.

Insight diagram
Preliminary modelling of UK retail market. Linking GDP, consumer confidence and retail sales

wolfram alpha:

UK GDP per year =£2.08 trillion

UK GDP per capita =£31177 per year (exchange rate dependent)

UK GDP per capita = £598.78 per capita per week
average UK salary = £29,009 per year
£557 = average wage per capita per week

Add in MCI model with price and advertising effect
Model of UK Retail
Insight diagram
Leading 10 retailers' share of the apparel market in the UK 2008-2018 Leading retailers' share of the apparel market in the United Kingdom (UK) in 2008 and 2018 2008 2018* M&S 9.7 7.6 Primark 4.4 7 Next 6.7 6.6 Arcadia 5.3 3.8 Asda 3.5 3.5 TK Maxx 2.2 3.1 Tesco 2.5 2.9 JD Sports 1.1 2.7 Debenhams 3.3 2.7 Sports Direct 1.3 2.4





Preliminary modelling of UK retail market. Linking GDP, consumer confidence and retail sales

wolfram alpha:

UK GDP per year =£2.08 trillion

UK GDP per week £38461538461

UK GDP per capita =£31177 per year (exchange rate dependent)

UK GDP per capita = £598.78 per capita per week
average UK salary = £29,009 per year
£557 = average wage per capita per week

Approx 2.5% increase in GDP per year

Retail sales strongly cyclical with 12 month period


27.2 million households

household spending info:
https://thistimeitisdifferent.com/here-are-uk-household-spending-insights

disposable income per household = £29,400 median

for clothing 0.042*[disposableincome]

for £ use  0.106*[disposableincome] for supermarket


0.071*[disposableincome] for deptstore
Clone of Model of UK Retail