Special Issue Article
A Study on the Building Demand Forecasting For the Erode Town, Tamilnadu, India
|T.R.Raghavan1, Mr. T. Prateep M.E. 2, Mr. M. Suresh MSc. M.Phil. PGDCA. 3
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An accurate forecasting of prospective building demand in a developing city with high growing population is always a useful task for the socio-economic improvements all along the city. As it also involves in the welfare and improvement of the peoples of all categories. Despite that, a realistic forecasting of all types of buildings (incl. residential, commercial, and governmental) is never an easy task, as it governed by a number of social and economic factors. In this project a leading indicator model is developed especially for the demand forecasting of a all type of buildings in Erode city, District headquarters of Erode District, Tamilnadu. This study comprises factors and statistics required for the Linear Regression Analysis (LRA) model. The search through past history expresses that LRA model provides that most accurate forecasting for a long time horizon. In providing a random of possible forecasts, the LRA model also paves way for an opportunity of selecting mere possible and accurate forecasting for the decision-makers. This study provides exhaustic empirical research and detailed study (both macro and micro level) of past statistics and current statistics by combining with the future prediction of building growth in the city. This will give an alarming indication to the government authorities about the rapid demand in all type of building in the city.