Forecasting annual natural gas consumption in USA: Application of machine learning techniques- ANN and SVM

Sanjeet Singh, Pooja Bansal, Mosharrof Hosen and Sanjeev K. Bansal

Resources Policy, 2023, vol. 80, issue C

Abstract: •The current study examines the factors affecting Natural Gas Consumption and their role in the prediction of annual Natural Gas Consumption in the USA.•The study utilizes and compares two machine learning-based forecasting models - support vector machine (SVM) and artificial neural network (ANN) along with traditional multiple linear regression.•The annual data for the period from 1980 to 2020 is collected for the selected influence factors and NGC for prediction.•Based on the MAPE criterion the best model was chosen to be ANN with one nodal value and one hidden layer.•The predicted NGC values indicate a decreasing trend over the period 2021–2030.

Date: 2023
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:80:y:2023:i:c:s030142072200602x

DOI: 10.1016/j.resourpol.2022.103159

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