CZ-Czechia (Czech Republic) Methodology
Updated over a week ago

Population Data

To project Czechia’s population, we pulled data from the Czech Statistical Office. Using historical trends, and assuming the current activity prevails, we were able to establish a reasonable expectation for predicting future population values.

We used two models for these population projections: The Monte Carlo and the Autoregression Integrated Moving Average (ARIMA) models. In each of Czechia’s metro areas, we ran multiple configurations of each of the two models to find out which model (and which configuration within that model) was most accurate for that metro.

Czechia’s metropolitan areas are based on the country’s NUTS3 regions. The Nomenclature of Territorial Units for Statistics (NUTS) geographical division is constructed by Eurostat.

In addition to the LMI data mentioned here Lightcast also offers insights through Global Postings and Global Worker profiles in the Czech Republic.

Labor Market Information (LMI) Data

We pulled Czechia’s labor market information (LMI) from four sources:

  1. Cedefop (European Centre for the Development of Vocational Training), an agency of the EU.

  2. The EU Labor Force Survey (LFS), a large household sample survey conducted annually since 1983.

  3. Industry data at the regional level from the country’s statistical Office website.

  4. Occupation data at the national level through a direct inquiry to Czechia’s Statistical Office.

When creating the occupation supply projections, we took the expected population growth rate from the models mentioned above and applied that same growth rate across the LMI in each Czech metropolitan area. Once we had the projections, we mapped the International Standard Classification of Occupations (ISCO-08) to Global Occupations.

Did this answer your question?