Forecasting Analysis and Modeling Environment (FAME) User Licensing

This acquisition is for the purchase of 140 FAME client licenses. The goal of the U.S. Department of Commerce's Bureau of Economic Analysis (BEA) is to promote a better understanding of the U.S. economy by providing the most relevant, timely, and accurate economic accounts data in an objective and cost-effective manner. BEA accomplishes this through the preparation, development, and interpretation of the national income and product accounts, which show the business and other related economic series by geographic area; the U.S. balance of payments accounts; and associated foreign investment accounts. The data and analyses prepared by BEA are disseminated mainly through regular press releases, monthly publication of the Survey of Current Business, periodic supplements to the survey, and various electronic media. BEA continually seeks to improve the timeliness, accuracy, and comprehensiveness of its economic accounts data in part by upgrading data architectures and standard platforms on an ongoing, incremental basis. In 2001, the Forecasting Analysis and Modeling Environment database (FAME) was selected as BEA's data structure/software standard for time series data.