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Population-Estimate-and-Projection

This Project shows Analysis on the World Population and Predicts the Population up to Year 2050/2060

Models Used

  • Holtwinters Exponential Smoothing
  • AR Model
  • ARIMA Model
  • FBProphet

The Box Jenkins ACF and PACF Methodology were used to determine which model to use for Year Change and Crude Birth Rate: acfpacf

Metrics Used

Measure of Error

  • Mean Absolute Percentage Error
  • Root Mean Square Error

Forecasts 2021-2050

World Population Yearly Change % CBR CDR
2021-12-31 7874327165.72524 1.01 19.04 7.26
2022-12-31 7953723319.539936 0.99 19.05 7.2
2023-12-31 8029599836.236934 0.97 19.06 7.13
2024-12-31 8100530916.376307 0.95 19.08 7.07
2025-12-31 8171461996.515679 0.94 19.1 7.0
2026-12-31 8242393076.655052 0.92 19.13 6.94
2027-12-31 8313324156.794425 0.9 19.15 6.87
2028-12-31 8385619296.167248 0.88 19.18 6.8
2029-12-31 8456550376.306621 0.86 19.21 6.74
2030-12-31 8527481456.445993 0.84 19.25 6.67
2031-12-31 8598412536.585365 0.83 19.28 6.61
2032-12-31 8669343616.72474 0.81 19.31 6.54
2033-12-31 8740274696.86411 0.79 19.35 6.48
2034-12-31 8807220153.354633 0.77 19.39 6.41
2035-12-31 8869177571.884983 0.75 19.42 6.34
...

Contributions

Contributions, issues and feature requests are welcome.

License

This project is GNU licensed.

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Analyzing, Estimating and Projecting World Population up to Year 2050/2060. DataSource: World Bank

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