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Uncertainty in Population Forecasts for the Twenty-First Century
- Source :
- Annual Review of Resource Economics. 12:449-470
- Publication Year :
- 2020
- Publisher :
- Annual Reviews, 2020.
-
Abstract
- The aim of this article is to review a number of issues related to uncertain population forecasts, with a focus on world population. Why are these forecasts uncertain? Population forecasters traditionally follow two approaches when dealing with this uncertainty, namely scenarios (forecast variants) and probabilistic forecasts. Early probabilistic population forecast models were based upon a frequentist approach, whereas current ones are of the Bayesian type. I evaluate the scenario approach versus the probabilistic approach and conclude that the latter is preferred. Finally, forecasts of resources need not only population input, but also input on future numbers of households. While methods for computing probabilistic country-specific household forecasts have been known for some time, how to compute such forecasts for the whole world is yet an unexplored issue.
- Subjects :
- 0303 health sciences
Economics and Econometrics
education.field_of_study
Population forecast
Actuarial science
05 social sciences
Population
Twenty-First Century
Prediction interval
World population
03 medical and health sciences
Geography
0502 economics and business
050207 economics
education
030304 developmental biology
Subjects
Details
- ISSN :
- 19411359 and 19411340
- Volume :
- 12
- Database :
- OpenAIRE
- Journal :
- Annual Review of Resource Economics
- Accession number :
- edsair.doi...........010f181eba55e7a1a9fcea9413714b2c