Australian Population Growth Rate Prediction with World Bank data using ARIMA model in Python
In this Learn by Coding example, we will learn how to perform a Time Series Forecasting using ARIMA modeling techniques in Python for Australian Population Growth Rate Forecast. We will also learn how to differentiate original dataset to make to stationary as well as derive KPSS & ADF statistics. We will plot the auto-correlation and partial auto correlation as well. The end-to-end example is given below to forecast Australian population growth rate for the next decade.
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