The Western Blue Chip Economic Forecast, which now incorporates the Arizona Blue Chip Forecast, focuses on the changing economies of 12 Western states: Arizona, California, Colorado, Idaho, Montana, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The Western employs the proven accuracy of the consensus forecasting method brought to prominence by the late Robert J. Eggert, often referred to as the "Sage of Sedona." Forecasts are compiled by website editor Lee McPheters, research professor of economics in the W. P. Carey School of Business, who has studied the Western region for over two decades.

In 1993, the Arizona-Mexico Commission and its sister organization, the Comisión Sonora-Arizona, initiated a binational strategic economic planning process to analyze how the two neighboring states could increase their regional competitiveness in the world economy and enhance the overall quality of life for their residents. One of the recommendations of the Strategic Economic Development Vision was to develop a set of indicators as a tool to monitor progress toward the goals of binational economic development. The purpose of the Regional Economic Indicators is to help policy and decision-makers understand and monitor economic changes in the Arizona-Sonora region and to support policies that promote economic transformation, investment and entrepreneurship in the region.