Getting started with Analyses

Learn how to create an analysis and get started with the platform.

David Wiggington avatar
Written by David Wiggington
Updated over a week ago

VisionLTC is a platform that helps you extract deep insights about a target site or sub-market. To do that, you want to run an analysis.

There are several types of analyses, some with their own help topics to help you understand the specifics of each. Right now, we'll just focus on a quick example to get you started.

Start a new analysis

The first step is to launch the new analysis wizard. Click the Analysis button on your sidebar.

Pick a name and choose an analysis type

With the analysis wizard launch, you'll first choose a name for your analysis, and what type of analysis you want to run. For this example, choose the "Sub-Market Evaluation" analysis type.

Pick a market you want to evaluate

In a "Sub-Market Evaluation" analysis, the census tract centers found inside your market area will be used as target sites for t he analysis.

For our example, we'll choose to evaluate the "Raleigh - Glenwood" neighborhood in the state of North Carolina.

Choose a benchmark

Next, we'll choose a benchmark. This step is optional, but its often useful to compare how a site performs to a larger metro area, or other sites in your portfolio.

For our example, we'll choose an automatic MSA comparison. This option allows us to compare each of our sites in the analysis to their containing MSA. These benchmark values will be used in the site report you can generate later.

Assign market areas to your sites/benchmarks

Next, we'll assign a couple of market areas to our sites. For each site in the analysis, these market areas will be drawn, and output metrics will be calculated using them. This is useful when we want to see what a site looks like at say, a 10 minute drive-time buffer, as well as 15 minute drive-time buffer.

When thinking about benchmarks, keep in mind that these market areas will only apply to any Groups you've used as benchmarks. In the case of our example, using an MSA comparison, the boundaries of the MSA will be used instead of any market area we define.

For our example, let's start with 10 and 15 minute drive-time buffers.
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Make changes to any assumptions

Each organization's assumptions will be different and tailored to the formulas that you use. You'll want to be familiar with how the assumptions alter the output of your formulas.

For our example, we'll stick with the defaults.

Pull the trigger!

We're finally ready to run our analysis, so the next step is to click "Submit Analysis". You'll be taken to your analysis repository where you can watch your analysis run. Depending on the number of sites you're analyzing, this process can take anywhere from a few seconds to several minutes. You'll be updated as it progresses.

When your analysis completes, you'll be ready to view it, and generate a site report, like below. Just click "Explore" or "Reports".

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