Point and interval forecasts of age-specific fertility rates: A comparison of functional principal component methods
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Accurate forecasts of age-specific fertility rates are critical for government policy, planning and decision making. With the availability of the Human Fertility Database (2011), the paper compares the empirical accuracy of the point and interval forecasts, obtained by the approach of Hyndman and Ullah (Comput Stat Data Anal 51(10), 4942-4956, 2007) and its variants for forecasting age-specific fertility rates. The analyses are carried out using the age-specific fertility data of 15 mostly...[Show more]
dc.contributor.author | Shang, Hanlin | |
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dc.date.accessioned | 2016-06-14T23:18:39Z | |
dc.identifier.issn | 1443-2447 | |
dc.identifier.uri | http://hdl.handle.net/1885/102566 | |
dc.description.abstract | Accurate forecasts of age-specific fertility rates are critical for government policy, planning and decision making. With the availability of the Human Fertility Database (2011), the paper compares the empirical accuracy of the point and interval forecasts, obtained by the approach of Hyndman and Ullah (Comput Stat Data Anal 51(10), 4942-4956, 2007) and its variants for forecasting age-specific fertility rates. The analyses are carried out using the age-specific fertility data of 15 mostly developed countries. Based on the one-step-ahead to 20-step-ahead forecast error measures, the weighted Hyndman-Ullah method provides the most accurate point and interval forecasts for forecasting age-specific fertility rates, among all the methods we investigated. | |
dc.publisher | Springer | |
dc.source | Journal of Population Research | |
dc.subject | Keywords: accuracy assessment; age class; database; decision making; empirical analysis; fertility; governance approach; planning system; population policy; principal component analysis; random walk method ARIMA model; Forecast accuracy comparison; Functional data analysis; Functional principal component analysis; Random walk; Random walk with drift | |
dc.title | Point and interval forecasts of age-specific fertility rates: A comparison of functional principal component methods | |
dc.type | Journal article | |
local.description.notes | Imported from ARIES | |
local.identifier.citationvolume | 29 | |
dc.date.issued | 2012 | |
local.identifier.absfor | 010401 - Applied Statistics | |
local.identifier.absfor | 160305 - Population Trends and Policies | |
local.identifier.ariespublication | a383154xPUB1062 | |
local.type.status | Published Version | |
local.contributor.affiliation | Shang, Hanlin, College of Business and Economics, ANU | |
local.description.embargo | 2037-12-31 | |
local.bibliographicCitation.issue | 3 | |
local.bibliographicCitation.startpage | 249 | |
local.bibliographicCitation.lastpage | 267 | |
local.identifier.doi | 10.1007/s12546-012-9087-4 | |
dc.date.updated | 2019-08-18T08:16:02Z | |
local.identifier.scopusID | 2-s2.0-84865719200 | |
local.identifier.thomsonID | 000212032300003 | |
Collections | ANU Research Publications |
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