The Tallahassee Economic Index (TEI) is a collaborative effort headed by First Franklin Financial Branch Manager and Financial Adviser Brett F. Ewing. Mr Ewing along with many dedicated staff members, interns from The Florida State University, and other local community members and leaders have spent years compiling and organizing data in an effort to bring an ongoing data based report to the Tallahassee Community about what kind of growth Tallahassee's economy is really experiencing.
Our hope in underwriting this educational community project is to make available the use of this non-biased information to learn more about our local economy and gain insight about the local economy before making critical business or public policy decisions.
The methodology for computing the separate index scores is as follows:
Consider only the percentile of the percent changes for each indicator. The amount of the weight added to the score for each month is determined by the table shown below.
The overall monthly index score is multiplied by 0.3, the overall yearly index score is multiplied by 0.7, and the two products are then summed together to form the raw overall index. A 90 day moving average is applied to smooth the data.