Prediction of Spendings
Time series prediction of the 10 countires total spendings
We made a time series plot here to predict the spendings after the year 2016.
The Dollar amount is calculated by summing up all the ten countries' data.
*The prediction method is Holt's additive damped trend prediction
Healthcare Spendings will continues to grow
Education and military spendings will stay at the current level
Summary
Healthcare burns a significant fraction of government spendings.
The United State's military, healthcare and education spending dominates other countries in both total value and per capita value.
Most developed countries focus on their spending on healthcare and education.
Japan's spending on military, healthcare and education all experience decreasing.
Developing countries like China and India focus their spending on military but are paying more attention to healthcare and education.
China and India are fast growing countries, but it will take time for the per capita figures to catch up with those of other countries