Innovative. Technical Experts. Client-Focused.

Who We Are

We are researchers and experts helping our clients make informed decisions using innovative analytics. We tackle challenges with rigorous research and strategy to improve the quality of life. Whether examining policies to provide the best patient care, rebuilding housing communities, or analyzing the merits of space exploration, we apply hard work and dedication to each of our projects.

Our Approach

Econometrica’s approach to project management begins with client relationships. You—our client—become an integral part of the project team to ensure that emphasis is given to your unique needs. Our goals are to provide you with:

The most highly qualified people to staff your project and ensure that you get the results you want—on time and within budget.

A single, responsible contact within our firm for each project.

Intensive, hands-on oversight from our top management for each account.

We are known for bringing together a corps of exceptionally well-trained experts from a wide range of disciplines and pragmatic experiences. Their advanced educational and professional qualifications enable us to offer you top-quality services. If your project requires additional specialized expertise, we draw upon highly seasoned professionals to augment our staff. Our overarching goal is to always provide you with the best talent for your individual project needs.

Our Philosophy

Technical Capabilities

Our skilled and experienced staff is the foundation to our success. We use a team-based approach and innovative methodologies to develop comprehensive problem-solving strategies, creating the best possible solutions for producing high-quality work for every project.

Happy Customers

Our clients are our number one priority and the focus of all we do. We are always available and remain flexible, working collaboratively with our clients to understand their needs and consistently meet and exceed their expectations.

Business Growth

Since 1998, Econometrica has grown from 4 employees to more than 100. We continue to expand to different markets and diversify our corporate expertise. As we broaden the spectrum of our capabilities, our value to our clients grows.


Our mission is to provide the highest quality research and management services possible to our clients in the public and private sectors.

Our History

Econometrica was founded in 1998 to answer a growing demand for directed economic and analytical consulting services. Located in the heart of Bethesda, MD, above the Bethesda Metro Station, our offices are just 20 minutes from downtown Washington, DC. Our location enables us to focus our resources rapidly to assist the many organizations and agencies near our Nation’s capital and provides immediate access to resources unique to the seat of National Government.

Our Leadership

At Econometrica, we nurture a collaborative environment for ideas and problem-solving strategies to grow. We value individuals who think critically and communicate openly. Search our current job openings to join our team.

Cyrus Baghelai

Cyrus Baghelai


Since founding Econometrica in 1998, President/CEO Cyrus Baghelai has overseen and directed all aspects of Econometrica’s operations, strategic planning, and business development, guiding the company’s growth from 4 employees to more than 100. With a career focused on Government contracting spanning more than 30 years, Mr. Baghelai has managed and conducted major research and analytical studies, developed econometric models, and conducted statistical and economic analyses for a wide range of Federal, State, and local government agencies.

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Prior to starting Econometrica, Mr. Baghelai acquired an extensive background applying operations research and statistical methods to a variety of issues of importance to Government agencies. At Washington Consulting Group, he had corporate, technical, and managerial responsibilities, overseeing a staff of more than 45 professionals in econometrics, economics, policy, operations research, and other areas. Under his direction, more than $40 million in projects were awarded to the firm. As Vice President of System Sciences, he directed a staff of economists, operations research analysts, engineers, programmers, and policy analysts in the health, energy, and defense fields.

Mr. Baghelai has a B.S. in Economics from National University, an M.S. in Economics from the University of Southern California, and an M.S. in Operations Research and Industrial Engineering from Illinois Institute of Technology.

Charles L. Smith

Senior Vice President

Mr. Smith has more than 30 years of experience managing and conducting major projects in computer-based data communication and publishing systems. Many of those projects have involved developing and applying integrated technical data systems in the areas of energy, transportation, health, and medicine. Mr. Smith is a technical writer, editor, and publisher with extensive experience in a wide variety of technical and scientific subject areas.

Thomas R. Jackson

Vice President

As Econometrica’s Health Group Vice President, Mr. Jackson is a healthcare professional with extensive management, leadership, quality improvement, research, and clinical experience. He has led companies that catalyze regional healthcare improvement through community partnerships and is recognized as an innovative professional who can plan and deliver effective strategies and bring key stakeholders together in the rapidly evolving healthcare market. Mr. Jackson has 20 years of experience with the Quality Improvement Organization (QIO) program in multiple States.

Monique Sheppard

Director, Health

Dr. Sheppard—an injury epidemiologist and biostatistician with more than 23 years of experience in technical assistance and training, injury and healthcare research, data collection and analysis, national survey and evaluation projects, measure development, program/project management, policy analysis, and rapid-cycle evaluation—has led Econometrica’s Health Group since January 2012. She currently serves as Corporate Monitor for five contracts and two subcontracts. She directed and then became Corporate Monitor for the Centers for Medicare & Medicaid Services (CMS)-funded Bundled Payments for Care Improvement (BPCI) Model 1 evaluation.

Dennis Stout

Director, Housing

With 25 years of experience, Mr. Stout has advised numerous federal agencies, including the U.S. Departments of Defense, Navy, Army, Air Force, Housing and Urban Development (HUD), Veterans Affairs, and Agriculture, as well as the GSA, Federal Judiciary, U.S. Small Business Administration, U.S. Election Assistance Commission, and others on housing subsidy and financing programs, asset management, risk assessment, program design and implementation, financing alternatives, grants management, and accounting and reporting processes.

Russ Davis

Russ Davis

Director, Business Development

Mr. Davis is an authority on Federal loan and guarantee programs, with more than 30 years of experience split between Wall Street and Washington, DC. He has a strong history of innovation and leadership in the three main areas of public finance: transactions (underwriting and restructuring), operations (loan origination and servicing), and policy. Mr. Davis has specialized in housing, healthcare, transportation, and financial technology, having been a former senior executive at the U.S. Department of Agriculture (Administrator, Rural Housing Service), U.S. Department of Housing and Urban Development (acting Deputy Assistant Secretary), and U.S. Department of the Treasury (Senior Policy Advisor).

Interested in partnering with us?

Econometrica is interested in partnering with small businesses, consulting firms, and subject matter experts for exciting contracts. Get in touch with us to discuss business opportunities.

Contact us today