Production Projections for Panel Products

The main object of this study is to estimate future production and raw material requirement for panel products. Multiple regression equation of the form Y = a + b₁ x₁ + b₂ x₃ where Y is production of the panel product x₁ and x₂ are the explanatory variables viz population and price indices respectively. On the basis of the predicted values of the production, future raw material requirement are estimated. The average annual growth of production for plywood, particle board and fibre board is in decreasing order. The industries have great export potential, but their export decreased after 1976 and became constant after 1979 probably due to cheaper supply from other countries or due to poor quality of our products. So it may be suggested that due consideration should be given to fulfil the raw material requirement at cheaper rates and the technology should be developed to improve the quality of the product.