Econometrica to Use Economic Models to Predict Reimbursement Error Rates
Econometrica recently awarded an FNS contract to conduct a study to predict the number of CACFP Family Day Care Homes that are misclassified.
Bethesda, MD, November 2017
Econometrica, Inc., was recently awarded a contract by the U.S. Department of Agriculture (USDA), Food and Nutrition Service (FNS), to conduct a study to predict the number of Child and Adult Care Food Program (CACFP) Family Day Care Homes that are misclassified by sponsoring agencies in the wrong reimbursement tier. For this study, Econometrica will use past data to create economic models to predict misclassification rates for each fiscal year from 2015 through 2020 in lieu of additional assessments.
In the past, FNS conducted research and studies to gather data regarding misclassification of reimbursement rates. Econometrica will use previously collected data to run data analysis models and predict future error rates of misclassification. By predicting error rates for the fiscal years 2015 through 2020, Econometrica hopes to decrease the rate of misclassification. Econometrica will also identify specific structural and demographic factors that could influence the economic models.
“This is the first time Econometrica will work in the CACFP division of USDA, and we look forward to expanding our relationship with USDA. Our senior economists have extensive knowledge and experience creating accurate economic models,” said Cyrus Baghelai, Econometrica’s President and CEO.
Founded in 1998, Econometrica is a research and management organization in Bethesda, MD, established to provide public- and private-sector clients with customized program support services. Econometrica works with multiple agencies to provide high-quality, cost-effective analyses, modeling, and economic evaluations. The company consistently receives exceptional scores from its clients and believes in three principles: technical capabilities, happy customers, and business growth.
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