engleski

FORECASTING OF INDUSTRIAL ROUNDWOOD PRODUCTION FOR THE PART OF SOUTH-EAST EUROPE

On the basis of established values for period 1993-2013, in this paper we discuss a possibility to forecast trends in production of industrial round wood in the part of South-East Europe. The data of production values of industrial round wood through analyzed period are gathered from Croatian Bureau of Statistics and Food and Agriculture Organization of the United Nations Statistics Division (FAO base). In order to predict the future trends of industrial round wood production for some countries from SEE region, dynamic economic analysis of time series data was performed. Because of turbulences in this region of South-East Europe and the length of analyzed time series, prediction is limited to year 2020.

industrial round wood; production; time series models; forecasting

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