TIME SERIES 4 PREDICTION |
prediction
-make a prediction
-are you confident about it and why?
-make another prediction
are you confident with this and why?
predicting future trends
I would predict that the amount of logging from plantations in New Zealand in the 4th quarter of 2013 would be 7792.5 million cubic meters. However, I would be more confident that it would be between 7204.8 and 8359.3 million cubic meters of timber. I also would predict that the amount of logging from plantations in New Zealand in the 4th quarter of 2014 would be 8322.3 million cubic meters. However, I would be more confident that it would be between 7085.9 and 9628.6 million cubic meters of timber.