Forecasting demand for secondary materials: A case study of waste paper |
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Authors: | D Deadman RK Turner |
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Institution: | 1. D. Deadman is lecturer in Economics at the University of Liecester, University Road, Leicester, UK;2. R.K. Turner is a lecturer in Environmental Economics at the University of East Anglia, Norwich, UK |
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Abstract: | The authors examine how best to forecast the demand for a resource, in this case waste paper, using three methods. The first is based on long or short-term GDP forecasts, the second is a basic or modified Holt-Winters model, and the third is an input-output model, which can incorporate various scenarios to allow for the effects of technical change. All three techniques are superior to time-series projection. As data availability increases, the application of a combination of these methods would improve the policy response to resource shortage. |
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