Population Projections by Age for Florida and its Counties: Assessing Accuracy and the Impact of Adjustments

Stefan Rayer () and Stanley Smith

Population Research and Policy Review, 2014, vol. 33, issue 5, 747-770

Abstract: Projections of total population have been evaluated extensively, but few studies have investigated the performance of projections by age. Of those that did, most focused on projections for countries or other large areas. In this article, we evaluate projections by age for Florida and its counties, as produced and published between 1996 and 2010 by the Bureau of Economic and Business Research at the University of Florida. We first compare the precision and bias of projections of total population with the precision and bias of projections by age, at both the state and county levels. This is followed by a more detailed examination of county-level projection errors for individual age groups, first in the aggregate and then disaggregated by sex and population size. The second part of the analysis focuses on a number of adjustments that were implemented in projections published in 2006 and 2009. Intended to improve accuracy, these adjustments involved updates to the base population, fertility rates, and survival rates. We compare the accuracy of projections incorporating these adjustments with the accuracy of projections excluding them. We believe this study offers a unique opportunity to examine a variety of characteristics regarding the forecast accuracy of small-area population projections by age. Copyright Springer Science+Business Media Dordrecht 2014

Keywords: Population projections; Forecast accuracy; Forecast bias; Age; Symptomatic indicators; Adjustments (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (8)

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DOI: 10.1007/s11113-014-9325-x

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