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A prediction of oil demand in Malaysia using time series modeling approach

N., Saad and I., Awaludin and H., Agustiawan (2008) A prediction of oil demand in Malaysia using time series modeling approach. In: International Symposium on Information Technology 2008, ITSim, 26 August 2008 through 29 August 2008, Kuala Lumpur.

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Abstract

Energy planning and preparation is important to ensure stability in economy and security of a nation. It depends on the accurate prediction of future demand of energy. This paper presents prediction of oil demand as one of the energy sources used in Malaysia. Mathematical model is developed from historical data to approximate the function of oil consumption. The model is approximated through nonlinear time series modeling approach. Several models of oil demand in time series polynomial equations with different order are presented and compared. These models are then be used to predict future oil demand in Malaysia until year 2020. © 2008 IEEE.

Item Type:Conference or Workshop Item (Paper)
Uncontrolled Keywords:Information technology; Accurate predictions; Different orders; Energy sources; Historical datums; Malaysia; Modeling approaches; Nonlinear time series; Oil consumptions; Oil demands; Polynomial equations; Time series; Forecasting
Subjects:T Technology > TK Electrical engineering. Electronics Nuclear engineering
Departments / MOR / COE:Departments > Electrical & Electronic Engineering
ID Code:371
Deposited By: Assoc Prof Dr Nordin Saad
Deposited On:09 Mar 2010 01:06
Last Modified:19 Jan 2017 08:26

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