Analysis of the facts of urbanization with forecasting the trend of urban population in Bangladesh: An application of ARIMA method

  • Alfarunnahar Ruma Assistant Professor, Department of Economics, Jatiya Kabi Kazi Nazrul Islam University, Trishal, Mymensingh-2220, Bangladesh
Keywords: ARIMA, Urbanization, Forecasting

Abstract

There are some positive ramifications of urbanization, along these lines, which incorporate the employment opportunities, innovative and infrastructural progressions, enhanced transportation, and correspondence. The betterment of clinical services and educational facilities in urban areas increase the living standard. Urbanization has negative outcomes on wellbeing due essentially to contamination and packed everyday environments. The ARIMA methodology has been used to forecast urban populations (% of total) in Bangladesh up to 2030. ARIMA method considers time-series data from 1972 to 2019 to estimate the forecasting. The current study estimates an increasing trend of urban populations in Bangladesh over time. This study has contributed to creating awareness in the case of the changing urban population.

Author Biography

Alfarunnahar Ruma, Assistant Professor, Department of Economics, Jatiya Kabi Kazi Nazrul Islam University, Trishal, Mymensingh-2220, Bangladesh

Alfarunnahar Ruma is an Assistant Professor, Department of Economics, Jatiya Kabi Kazi Nazrul Islam University, Trishal, Mymensingh-2220, Bangladesh. Her areas of interest are in environmental economics, health economics and applied economics.

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Published
2021-02-16
How to Cite
Ruma, A. (2021). Analysis of the facts of urbanization with forecasting the trend of urban population in Bangladesh: An application of ARIMA method. Journal of Economic Info, 8(2), 65-77. https://doi.org/10.31580/jei.v8i2.1816
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Articles