Guidance on When to Estimate a Future Price Factor: Development of Criteria and Thresholds

Guidance on When to Estimate a Future Price Factor: Development of Criteria and Thresholds

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A future price forecast can help the Federal Emergency Management Agency and communities seeking its Public Assistance estimate construction costs. Researchers created a framework, relying on expected per capita damage and rates of in-migration to the area, for determining when such a forecast could be useful.