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Aims to report the results of research into the techniques of forecasting long‐term building industry prospects. Outlines the actual results of research into the Australian building industry and contrasts the results and factors stressed by a number of forecasters. Develops a model to show the interrelationships between the key parameters. Consequent on comparisons over a long period (mostly 1960/70 et seq.) and detailed research since 1980, a high degree of validity of the resultant hypothesis has been developed. Therefore, considers the hypothesis and resultant model to be reliable to forecast building industry forecasts beyond the year 2000. Gives consideration to the reliability and validity of the results of the research into forecasting the building industry prospects in any country′s economy.

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