Publication: Forecasting Global Annual Average CO2 Concentrations
Type:
Article
Date
2024-12-04
Journal Title
Journal ISSN
Volume Title
Publisher
Faculty of Humanities and Sciences, SLIIT
Abstract
This study aims to enhance the accuracy of CO₂ level
forecasts, compare the effi cacy of diff erent predicti ve
models, and provide insights for policy development.
Employing ti me series and regression analysis
techniques, the study uses historical data from
global monitoring stati ons (1979- 2022) to model
the annual mean concentrati on of atmospheric CO2
The results reveal that the ARIMA (1,1,1) model
outperforms the simple linear regression model in
predicti ve accuracy. Nevertheless, the regression
model came across a technical problem as residuals
are signifi cantly autocorrelated. The Augmented
Dickey-Fuller test was applied to ensure stati onarity
of the fi rst diff erence of the original series. The
model was trained using data from 1979 to 2022 and
validated for 2023. The errors of the ARIMA(1,1,1)
was found to be white noise. The ARIMA model
projected CO₂ concentrati ons of 419.5, 421.8 and
424.2 for the years 2023, 2024, and 2025 respecti vely,
with a percentage error of just 0.048% for the 2023.
In contrast, the corresponding percentage of error
for the simple linear regression model was -1.236%.
These fi ndings underscore the ARIMA model’s
superior performance in forecasti ng future CO₂ levels
and its suitability for environmental monitoring and
climate change miti gati on strategies. This research
provides a valuable methodological framework for
future atmospheric science studies and informs
policy decisions aimed at addressing rising CO₂
concentrations.
Description
Keywords
ARIMA, CO₂, Forecasting, Regression, Time series
