Drexel dragonThe Math ForumDonate to the Math Forum



Search All of the Math Forum:

Views expressed in these public forums are not endorsed by Drexel University or The Math Forum.


Math Forum » Discussions » sci.math.* » sci.stat.math.independent

Topic: Variance
Replies: 0  

Advanced Search

Back to Topic List Back to Topic List  
Greg

Posts: 136
Registered: 2/27/05
Variance
Posted: Dec 10, 2012 11:50 PM
  Click to see the message monospaced in plain text Plain Text   Click to reply to this topic Reply

I have a quick question...I have a problem where I need to forecast into the future (let's say I'm forecasting population trends). So I have an equation that would use last year's population to get this year's population. I can then get next years, the year after,... However, the forecast has an error associated with it. How can I incorporate this error into my forecasting or at the very least keep track of the error (since it will compound for each successive year) so I have an estimate term and variance term in future years.

Thanks!



Point your RSS reader here for a feed of the latest messages in this topic.

[Privacy Policy] [Terms of Use]

© Drexel University 1994-2014. All Rights Reserved.
The Math Forum is a research and educational enterprise of the Drexel University School of Education.