Future Electricity Demand of the Emerging European Countries and the CIS Countries

Mehmet Fatih Bayramoglu
Additional contact information
Mehmet Fatih Bayramoglu: Bulent Ecevit University, Department of Business Administration, Zonguldak

International Journal of Finance & Banking Studies, 2016, vol. 5, issue 6, 15-23

Abstract: Nowadays, one of the leading factors used in the evaluation of a country’s economic development is energy consumption. Because of economic growth, demand for energy is also increasing. In this study, the emerging European countries’ (the Czech Republic, Poland, Romania, Turkey) and the CIS countries’ (Kazakhstan, Russia, Ukraine, Uzbekistan) electricity consumption has been forecasted for five years period (2015-2019). In the study, GM(1,1) Rolling Model, which is developed in the framework of Grey System Theory is used as a mathematical model for real-time forecasting. The results of the study show that there will not be a significant change in electricity demand in this two area during the 2015-2109 period.

Keywords: Energy Demand; Electricity Energy; Derivative Markets; Time Series Analysis; GM(1; 1) Rolling Model (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.ssbfnet.com/ojs/index.php/ijfbs/article/view/334/304 (application/pdf)
https://www.ssbfnet.com/ojs/index.php/ijfbs/article/view/334 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rbs:ijfbss:v:5:y:2016:i:6:p:15-23

Access Statistics for this article

International Journal of Finance & Banking Studies is currently edited by Prof.Dr.Hasan Dincer

More articles in International Journal of Finance & Banking Studies from Center for the Strategic Studies in Business and Finance IJFBS Editorial Office, IMU, School of Business. Contact information at EDIRC.
Bibliographic data for series maintained by Hasan Dincer ().