Prediction for a new year

[mlauber71]

Someone posted a similar question and it might be worth checking out this workflow:

How to predict a data in a future X year

I used an example from the KNIME Example server *1) to set up a workflow that demonstrates how this could be done. I am not yet satisfied with the graphics… The principle is that you use a time window of historical GDP data (Spain) for a time window of eg 5-10 years and then keep the last 2 (or 1 or 3) years as an unknown (to be predicted). I am not sure if you could use that to predict to the year 2048 that seems like a very far stretch. The models rely on historical GDP data from the years b…

You could try and adapt that not just with the GDP numbers but with the unemployment rate.

If this is for a educational assignment or something please try to read and understand the material that is given to you and try to understand if the examples provided do represent the theory. It might especially worthwhile to look into the effects the various models have on the prediction. There are more models out there and you might want to select some where you can then explain the effect they have.