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Cost and Capacity of a proposed Regional Jail serving Pittsylvania, Franklin, <br /> Henry, and Patrick Counties and the Cities of Danville and Martinsville <br /> <br />Q. lO0.O <br /> <br /> 80.0 <br /> <br /> 60.0 <br /> <br />40.0 <br /> <br />20.0 <br /> <br />As evident from the above graph, the Franklin County Jail has insufficient capacity to <br />handle the County's need for both current incarceration requirements and future <br />incarceration needs. <br /> <br />Franklin County Inmate Population Forecast <br /> <br />Using the above inmate population data, a forecast of the future inmate population <br />for Franklin County was developed and presented below. A number of forecasting <br />models were used and the model statistics are presented below: <br /> <br /> Forecast Model <br />Statistic Exponential <br /> Smoothing Box-Jenkins Linear <br /> Regression <br /> Holt (1,1,1)*(1,1,1) (1,1,0)*{0,1,1) <br />R-square 0.9415 0.9335 0.9427 0.8806 <br />Durbin-Watson 1.798 1.692 1.830 <br />Std. forecast error 6.937 7.288 6.719 10.121 <br />Standardized BIC 6.858 7.091 7.177 <br /> <br />Powell Consulting Services 6 October 25, 2004 <br /> <br /> <br />