Analysis and forecasting the level of the sustainable development in the European context

Abstract

The article highlights the results of the conducted research on forecasting the level of sustainable development in the European context. Based on the analysis of the scientific achievements of domestic and foreign scientists, it was determined that the existing methodologies had several problems associated with using a large number of indicators, which made it impossible to estimate a new object or period quickly. While considering this fact, the research aimed at constructing a model for calculating the level of sustainable development based on a limited set of open data, which would significantly facilitate the process of its assessment and forecasting. The basis of the research is data from the World Data Center for Geoinformatics and Sustainable Development and the “Sustainable development index” project. Modeling and analysis were carried out in MS Excel and RStudio applications. The obtained results demonstrate that it is possible to predict the level of sustainable development based on the approximation model using a limited set of territorial development indicators, which will lead to the loss of a minimal amount of information.