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Brindusa Radu

Internal Auditing and Risk Management, 2017, vol. 45, issue 1, 25-35

Abstract: On our planet live 7 billion people, every five days another million are born. Currently, world population is 10 times higher than 400 years ago. The demographic explosion occurred due to improved living standards and health, which allowed people to live longer than in previous centuries. Any economic process or phenomenon allows a mathematical description of its behaviour from an economic theory. It is very important to know the future evolution of the population and its structure therefore we using the forecasting models of the population. The paper presents the main models used in forecasting population and the advantages and disadvantages of each model.

Keywords: population forecast; forecast models (search for similar items in EconPapers)
JEL-codes: J1 J16 J19 (search for similar items in EconPapers)
Date: 2017
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