Prediction of Natural Gas Consumption in Different Regions of China Using a Hybrid MVO-NNGBM Model

Xiaoyu Wang, Dongkun Luo, Jianye Liu, Wenhuan Wang and Guixin Jie

Mathematical Problems in Engineering, 2017, vol. 2017, 1-10

Abstract:

The accurate and reasonable prediction of natural gas consumption is significant for the government to formulate energy planning. To this end, we use the multiverse optimizer (MVO) algorithm to optimize the parameters of the Nash nonlinear grey Bernoulli model (NNGBM (1,1)) and propose a hybrid MVO-NNGBM model to predict the natural gas consumption in 30 regions of China. The results indicate that the prediction precision of the hybrid MVO-NNGBM model is better than that of other grey-based models. According to the forecast results, China’s natural gas consumption will grow rapidly over the next five years and reach 354.1 billion cubic meters (bcm) by 2020. Moreover, the spatial distribution of natural gas consumption will shift from being supply oriented towards being demand driven and will be mainly concentrated in coastal and developed provinces.

Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:hin:jnlmpe:6045708

DOI: 10.1155/2017/6045708

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