Australian Sheep Industry Projections Model Review

Summary

This report provides findings from Stage 2 of the project  a review and assessment of how forecasting is currently undertaken for Australia's sheep, lamb and wool industries. This stage was undertaken to understand how MLA and AWI currently prepare forecasts, assess the accuracy of such forecasts, and to examine how other organisations undertake similar functions. 
One outcome from this process will be to provide an initial identification of the strengths and weaknesses of such forecasting methods and to identify perceived gaps in existing methodologies.