Table 7. Fit statistics and forecasting results of ARIMA models for Korean red pine and Japanese larch

Fit metric Korean red pine Japanese larch
ARIMA(2, 1, 1) ARIMA(2, 1, 2) ARIMA(1, 1, 5) ARIMA(6, 1, 1)
Stationary R-squared 0.65 0.65 0.39 0.43
R-squared 0.43 0.44 0.37 0.404
RMSE 99,892 105,908 73,595 78,198
MAPE (%) 14.0 14.1 8.6 8.4
MaxAPE (%) 34.146 34.539 20.7 20.5
MAE 72,359 72,799 37,106 36,313
MaxAE 139,715 137,688 102,167 101,069
Normalized BIC 23.81 24.13 23.79 24.11
Predicted volume for 2030 (m3) 745,855 744,135 463,841 362,797
UCL for 2030 994,841 1,010,000 700,112 746,673
LCL for 2030 496,868 473,804 227,569 –21,079
ARIMA: autoregressive integrated moving average, RMSE: root mean square error, MAPE: mean absolute percentage error, MaxAPE: maximum absolute percentage error, MAE: mean absolute error, MaxAE: maximum absolute error, BIC: Bayesian information criterion, UCL: upper control limit; LCL: lower control limit.