Summit Uses Analytics to Estimate Hurricane Impacts on Operations

9/13/18 1:49 PM

**Note: This post was written in September 2017.**

The hurricanes that hit Texas, Florida, Puerto Rico, and the U.S. Virgin Islands in 2017 left devastating destruction in their wake, resulting in untold costs and disruptions to millions of people, businesses, and the government. The necessary response effort to address the immediate damages, related negative economic impact, and subsequent rebuilding, will use tremendous resources and exceptional diligence. This includes costs and long-run impacts that will not be realized for several years, compounded by the uncertainty around how large the impact will be on individuals, businesses, and government agencies operating in or around the affected areas.

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Topics: econometrics, dynamic forecasting

IN THE NEWS: The Estate Tax, Part 3 – BONUS: Why Is It Hard to Measure Income from Assets?

12/26/17 9:26 AM

Our recent two posts about the Estate Tax talked about some problems with calculating income, but focused primarily on capital gains. Today, we’ll run through an example of how other assets are subject to similar problems, such as how rents and usage charges can be complicated to assess.

Take, for example, rents on an apartment. Let’s assume that you lease an apartment and agree to pay $1,000 each month, which in DuPont Circle means that you’ll have about 700 square feet and 11 roommates. Each time you make a payment, the landlord has to pay taxes on that rent, right?

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Topics: tax

IN THE NEWS: The Estate Tax, Part 2 – Reducing Complexity for Heirs

12/15/17 3:07 PM

We recently covered the idea of unrealized income and why people suddenly see a bunch of income when they die. Today, we’ll discuss how the Estate Tax actually makes life easier for heirs.

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Topics: tax

IN THE NEWS: Tax Reform and the Estate Tax – But I Thought We Had an Income Tax?

12/14/17 10:29 AM

With Congress currently drafting a tax bill, there have been all kinds of proposed changes and modifications to the income tax system. Whether it is changing the marginal tax brackets, the corporate tax rate, or eliminating deductions for state and local taxes, all of these are fundamentally changing how the IRS treats income. All, that is, except for one proposal: eliminating the Estate Tax.

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Topics: tax

Summit's Dynamic Forecasting Course Series Starts Tomorrow

9/27/17 2:59 PM

At Summit, we strive to develop staff knowledge and enhance the intellectual capital we provide to our clients. As part of this effort, Summit is holding the first session of an eight-week course on Dynamic Forecasting on September 28th.

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Topics: dynamic forecasting, time series analysis, econometrics

About the Summit Blog

Complexity simplified.

Summit is a specialized analytics advisory firm that guides clients as they decode their most complex analytical challenges. Our blog highlights the strategies and techniques we use, as well as relevant topics in current events.

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