| Type of Model |
2012 |
2016 |
2021 |
2026 |
| Per Capita Sawnwood consumption in m3 (X 1000) |
| Single moving Average |
2.60 |
2.62 |
2.62 |
2.62 |
| Single exponential smoothing (α =0.1) |
2.61 |
2.66 |
2.69 |
2.69 |
| Income elasticity of demand |
2.78 |
3.01 |
3.33 |
3.67 |
|
| Source: Field Data (2012) |
| Table 13: A summary of sawnwood consumption forecasts using different models. |
