A multi-equation end-use model is used to analyse the consumption of sawn-timber in Australia. The forecasting ability of the model is evaluated. Simulations of the model are reported and implications for policy are discussed.

Over the past 20 years, the RAE has produced commodity forecasts in BAE Trends in Australian Agricultural Commodities, Farm Costs and Farm Incomes and other commodity outlook publications. There have been several studies on the accuracy of the forecasts, either comparing RAE forecasts with naive...