Economic Statistics

RealSoft continues to utilize its unique expertise, and this time in economic statistics. RealSoft economic statistics are considered a guide for the economy, as it uses data collection and data calculations to produce economic indices such as; Consumer Price Index (CPI), Wholesale Producer Index (WPI), and Building Material Index (BMI), as well as, Producer Price Index (PPI) and Real-estate Index.

The economic indices mentioned above and others share commonalities in that they provide quantitative data releases of important economic variables so that they will be out here useful for economists, analysts, investors, and policymakers. These indices are the key statistics that indicate the direction of an economy as they are used to adjust many cash flow mechanisms.

Consumer Price Index

RealSoft implemented several economic surveys crowned by their impressive implementation of the CPI solution. The solution provided a fully automated package to define, collect, process and calculate the CPI index through user-friendly desktop and mobile applications. And as a result of the CPI system coverage, it has been adopted by the statistical departments of many countries like; Jordan, Oman, KSA, Kuwait, and Iraq.

Household Income and Expenditure

Besides, RealSoft has successfully implemented the Household Income and Expenditure Survey for the Ministry of National Economy Oman. This survey produced several data about the income and expenditure patterns of households, by gathering related information such as demographic and economic characteristics of the population and housing, facilities and appliances, sources of Income, daily spending expenses, and others.

Economic Indicators study

More economic indicators were studied and analyzed lately through the Comprehensive survey 2014-2017, where a wide range of statistical topics and indicators were covered through many surveys. The surveys include job rotation, Job seekers, and others.

Why RealSoft?

1

Economic data is usually collected through visits conducted by well-trained mobile staff.
2

The solutions have well-defined process flow where fully automated systems are designed to handle all the processes, from data collection, processing, monitoring, and reporting to indices calculation.
3

The solutions allow users to define the sources and type of data required to calculate each index, all along with full descriptions and based on international coding standards.
4

Our economic and statistical offerings have high-quality outputs, which are accompanied by methodologies to process and validate the collected data in many stages.
5

The calculation of indices stands on the latest statistical equations used in the field and can be customized according to the ones used by the clients.

Technical Features

Mobility

Full-fledged systems for collection on the go, utilizing any compatible device. These Mobile systems include many features that enable the front-line user to conduct tasks on the go without any paperwork seamlessly.

Security

Systems provides secure means to access the database; this includes authentication, data encryption, in addition to staging approach to isolate the online database from external use.

Manageability

The survey manager can distribute the survey effort among the available surveyors, including assigning collection tasks to the enumerator and taking it from the enumerators. These systems manage the survey, like sending the request for a survey to mobile users, receiving tasks from them, accepting and investigating the results.

Accessible

The system provides tools to access the values and data and compare data between sources, regions, and others. Additionally, the system allows users to review the outputs through the:
• User-friendly web interface
• Advanced reporting system with numerous reports

Connectivity

Mobile Systems can connect with database of the back office using wired cables or wireless networks, including serial connection, ethernet, GSM, and GPRS.

Backend systems capture data/prices directly, either through direct connection, or batches; this includes Batch files (Excel) for disconnected mode through upload structured files, Intermediate database for Direct mode through data link, in addition to Direct integration for direct mode through Web Services.