Modeling and Forecasting Energy Consumption in the Manufacturing Industry in South Asia.

Muslima ZAHAN; Ron S. KENETT

Makale detayları

Modeling and Forecasting Energy Consumption in the Manufacturing Industry in South Asia.

Yazarlar:

Muslima ZAHAN | Ron S. KENETT

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Energy Economics and Policy 2013 Vol.3 Issue 1, pp.87-98

Belge Tipi:

Makale

Yayın Tarihi:

2/2013

Belge Dili:

Türkçe

Document ID (Org No.):

2000816874

Sıklık:

İki Aylık

eISSN:

2146-4553

Özet:

 

The aim of this study is to model energy consumption and Manufacturing Value Added (MVA) in the industry level of five South Asian countries. Firstly, a cross-sectional model was developed by using R-statistical software to estimate the MVA with energy consumption being the independent variable. Secondly, a twenty years data series was analyzed to forecast volume of energy consumption in the manufacturing industry for five countries in a comparative manner. Thus, a prediction model was developed by using the time series forecasting system of the SAS statistical software and evaluated using Mean Square Error (MSE), Root Mean Square Error (RMSE), Mean Absolute Error (MAE) and Mean Absolute Percent Error (MAPE) with forecasts made up to year 2021. The forecasted energy consumption data might be used in the cross-sectional model to forecast MVA. Besides, based on the increasing trends in volume of energy, industry should prepare now for using efficient and clean energy in order to achieve an environment friendly and sustainable manufacturing industry.

Makale detayları

Modeling and Forecasting Energy Consumption in the Manufacturing Industry in South Asia.

Yazarlar: Muslima ZAHAN | Ron S. KENETT

Yayıncı: İlhan ÖZTÜRK

Dergi: International Journal of Energy Economics and Policy 2013 Vol.3 Issue 1, pp.87-98

Belge Tipi: Makale

Yayın Tarihi: 2/2013

Belge Dili: Türkçe

Document ID (Org No.): 2000816874

Sıklık: İki Aylık

eISSN: 2146-4553

Sayı

Yazarlar:

Muslima ZAHAN | Ron S. KENETT

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Energy Economics and Policy 2013 Vol.3 Issue 1, pp.87-98

Belge Tipi:

Makale

Yayın Tarihi:

2/2013

Belge Dili:

Türkçe

Document ID (Org No.):

2000816874

Sıklık:

İki Aylık

eISSN:

2146-4553