Predictive Analysis of Energy Use Based on Some Forecasting Models

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

A prediction method is a way to estimate a sequence of values based on time-series. This study aims to anticipate Saudi Arabia's energy use using autoregressive integrated moving average (ARIMA), Holt-Winters (H-W), and artificial neural network (ANN) models. This study also examines the accuracy of forecasting methods. The study forecasts energy use time-series data from 1971 to 2014 using statistical software. According to the results, ARIMA (2, 1, 2) is suitable for predicting the Kingdom of Saudi Arabia’s energy usage in 2025. The findings of the study will assist government agencies in forecasting energy use.

Original languageEnglish
Title of host publicationDigital Economy, Business Analytics, and Big Data Analytics Applications
EditorsSaad G. Yaseen
PublisherSpringer Science and Business Media Deutschland GmbH
Pages257-267
Number of pages11
ISBN (Print)9783031052576
DOIs
StatePublished - 2022
Event17th Annual Scientific International Conference for Business on Digital Economy and Business Analytics, SICB 2021 - Amman, Jordan
Duration: 25 Oct 202127 Oct 2021

Publication series

NameStudies in Computational Intelligence
Volume1010
ISSN (Print)1860-949X
ISSN (Electronic)1860-9503

Conference

Conference17th Annual Scientific International Conference for Business on Digital Economy and Business Analytics, SICB 2021
Country/TerritoryJordan
CityAmman
Period25/10/2127/10/21

Keywords

  • Artificial Neural Networks (ANN)
  • Autoregressive Integrated Moving Average (ARIMA)
  • Energy use
  • Forecasting methods
  • Holt-Winters (H-W)
  • Saudi Arabia

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