Abstract
The uncertainty of world population growth represents a serious global problem. Existing methods for quantifying this uncertainty face a variety of questions. An essential problem of these methods is the lack of direct evidence for their validity, for example by means of comparisons with independent observations like measurements. A way to support the validity of such forecast methods is to validate these models with reference models, which play the role of independent observations. Desired properties of such a reference model are formulated here. A new reference world population model is formulated by a probabilistic extension of recent deterministic UN projections. This model is validated in terms of theory and observations: it is shown that the model has all desired properties of a reference model, and its predictions are very well supported by the known world population development from 1980 till 2010. Applications of this model as a reference model demonstrate the advantages of the stochastic world population model presented here.
I would like to thank Dr. G. Heilig (United Nations, Chief, Population Estimates and Projections Section, DESA – Population Division) for several interesting discussions and valuable comments.
© 2014 by De Gruyter
Articles in the same Issue
- Frontmatter
- A numerical scheme based on semi-static hedging strategy
- A martingale approach to estimating confidence band with censored data
- Hybrid Monte Carlo methods in credit risk management
- Uncertainty quantification of world population growth: A self-similar PDF model
- Stochastic polynomial chaos based algorithm for solving PDEs with random coefficients
Articles in the same Issue
- Frontmatter
- A numerical scheme based on semi-static hedging strategy
- A martingale approach to estimating confidence band with censored data
- Hybrid Monte Carlo methods in credit risk management
- Uncertainty quantification of world population growth: A self-similar PDF model
- Stochastic polynomial chaos based algorithm for solving PDEs with random coefficients