Forecasting model
2016
2021
2026
Per 1000 s/w consumption, m
3
Population (000)
Total s/w consumption m
3
Per1000 s/w consumption, m
3
Population (000)
Total s/w consumption m
3
Per 1000 s/w consumption, m
3
Population (000)
Total s/w consumption m
3
Single moving average
2.62
3555
9 314.10
2.6
3877
10 157.7
2.6
4198
10 998.8
Single exponential smoothing α =0.1
2.66
3555
9 456.30
2.7
3877
10 429.1
2.7
4198
11 292.6
Income elasticity of demand
3.01
3555
10 700.5
3.3
3877
12 910.4
3.7
4198
15 406.7
Source: Field Data (2012)
Table 16:
Forecasted total sawnwood consumption using different forecasting models.
