In this paper, we systematically investigate the longterm, online, real-time variable-bit-rate (VBR) video traffic prediction, which is the key and complicated component for advanced predictive dynamic bandwidth control and allocation framework for the future networks and Internet multimedia services. We focus on neural network-based approach for traffic prediction and demonstrate that the prediction performance and robustness of neural network predictors can be significantly improved through multiresolution learning. We show that neural network traffic predictor trained through the multiresolution learning (called multiresolution learning NN traffic predictor) can successfully predict various real-world VBR video traffic up to hundreds of frames in advance, which then lays a solid foundation for predictive dynamic bandwidth control and allocation mechanism. Also, dynamic bandwidth control/allocation based on long-term traffic prediction is discussed in detail.Index Terms-Dynamic bandwidth allocation, multiresolution learning, network traffic prediction, neural networks, variablebit-rate (VBR) video traffic.