Population forecasting models play an important role in analyzing current population processes and predicting their future development. The Republic of the Congo saw population growth from 1.02 million to 5.66 million people between 1960 and 2021. This is an increase of 455.6% over 61 years. Urbanization is a trend that is accelerating and growing at a 3.2% yearly rate with the country's current economic situation, which is not ideal. The objective of this study is to show and forecast the population growth rate in Congo B using the ARIMAX system. Based on the data of per capita GDP and population growth rate in Congo B from 1982 to 2019, this paper uses per capita GDP as the input variable and population growth rate as the response variable and uses the ARIMAX model for research. The predictions for Congo B's population growth rate in 2020-2024 were correct. The results were 11.77‰, 11.60‰, 11.55‰, 11.34‰, 11.03‰, respectively. This indicates a country with a lower population growth rate. The results of this work allow the government and Congolese leaders to use them as a reference when creating a baseline and responsible growth strategy because they show that the rate of population expansion in Congo B will slow over the next five years and that migration will remain moderate.
| Published in | International Journal of Business and Economics Research (Volume 12, Issue 1) |
| DOI | 10.11648/j.ijber.20231201.11 |
| Page(s) | 1-8 |
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This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
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Copyright © The Author(s), 2023. Published by Science Publishing Group |
Population Growth Rate, Per Capita GDP, Arimax Model, SAS Software
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APA Style
Itoba Ongagna Ipaka Safnat Kaito, Zhang Ding Hai. (2023). Application of the ARIMAX Model in Forecasting the Population Growth Rate of Congo B. International Journal of Business and Economics Research, 12(1), 1-8. https://doi.org/10.11648/j.ijber.20231201.11
ACS Style
Itoba Ongagna Ipaka Safnat Kaito; Zhang Ding Hai. Application of the ARIMAX Model in Forecasting the Population Growth Rate of Congo B. Int. J. Bus. Econ. Res. 2023, 12(1), 1-8. doi: 10.11648/j.ijber.20231201.11
AMA Style
Itoba Ongagna Ipaka Safnat Kaito, Zhang Ding Hai. Application of the ARIMAX Model in Forecasting the Population Growth Rate of Congo B. Int J Bus Econ Res. 2023;12(1):1-8. doi: 10.11648/j.ijber.20231201.11
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Download@article{10.11648/j.ijber.20231201.11,
author = {Itoba Ongagna Ipaka Safnat Kaito and Zhang Ding Hai},
title = {Application of the ARIMAX Model in Forecasting the Population Growth Rate of Congo B},
journal = {International Journal of Business and Economics Research},
volume = {12},
number = {1},
pages = {1-8},
doi = {10.11648/j.ijber.20231201.11},
url = {https://doi.org/10.11648/j.ijber.20231201.11},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20231201.11},
abstract = {Population forecasting models play an important role in analyzing current population processes and predicting their future development. The Republic of the Congo saw population growth from 1.02 million to 5.66 million people between 1960 and 2021. This is an increase of 455.6% over 61 years. Urbanization is a trend that is accelerating and growing at a 3.2% yearly rate with the country's current economic situation, which is not ideal. The objective of this study is to show and forecast the population growth rate in Congo B using the ARIMAX system. Based on the data of per capita GDP and population growth rate in Congo B from 1982 to 2019, this paper uses per capita GDP as the input variable and population growth rate as the response variable and uses the ARIMAX model for research. The predictions for Congo B's population growth rate in 2020-2024 were correct. The results were 11.77‰, 11.60‰, 11.55‰, 11.34‰, 11.03‰, respectively. This indicates a country with a lower population growth rate. The results of this work allow the government and Congolese leaders to use them as a reference when creating a baseline and responsible growth strategy because they show that the rate of population expansion in Congo B will slow over the next five years and that migration will remain moderate.},
year = {2023}
}
TY - JOUR T1 - Application of the ARIMAX Model in Forecasting the Population Growth Rate of Congo B AU - Itoba Ongagna Ipaka Safnat Kaito AU - Zhang Ding Hai Y1 - 2023/01/10 PY - 2023 N1 - https://doi.org/10.11648/j.ijber.20231201.11 DO - 10.11648/j.ijber.20231201.11 T2 - International Journal of Business and Economics Research JF - International Journal of Business and Economics Research JO - International Journal of Business and Economics Research SP - 1 EP - 8 PB - Science Publishing Group SN - 2328-756X UR - https://doi.org/10.11648/j.ijber.20231201.11 AB - Population forecasting models play an important role in analyzing current population processes and predicting their future development. The Republic of the Congo saw population growth from 1.02 million to 5.66 million people between 1960 and 2021. This is an increase of 455.6% over 61 years. Urbanization is a trend that is accelerating and growing at a 3.2% yearly rate with the country's current economic situation, which is not ideal. The objective of this study is to show and forecast the population growth rate in Congo B using the ARIMAX system. Based on the data of per capita GDP and population growth rate in Congo B from 1982 to 2019, this paper uses per capita GDP as the input variable and population growth rate as the response variable and uses the ARIMAX model for research. The predictions for Congo B's population growth rate in 2020-2024 were correct. The results were 11.77‰, 11.60‰, 11.55‰, 11.34‰, 11.03‰, respectively. This indicates a country with a lower population growth rate. The results of this work allow the government and Congolese leaders to use them as a reference when creating a baseline and responsible growth strategy because they show that the rate of population expansion in Congo B will slow over the next five years and that migration will remain moderate. VL - 12 IS - 1 ER -
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