Research Article

FORECASTING OF TURKEY’S ELECTRICITY GENERATION AND CONSUMPTION WITH GREY PREDICTION METHOD

Volume: 4 Number: 2 December 19, 2018
TR EN

FORECASTING OF TURKEY’S ELECTRICITY GENERATION AND CONSUMPTION WITH GREY PREDICTION METHOD

Abstract

The aim of this study is forecasting of Turkey’s electricity generation and consumption for the period 2017-2027. To achieve this, Turkey’s electricity generation and consumption for the period 1996-2016 was modelled using Grey prediction method GM(1,1). Results showed that the small error probability (p) and posterior error ratio (C) values of GM(1,1) model for Turkey’s electricity generation were obtained as 0.12 and 0.97, respectively, and 0.11 and 0.97, respectively for Turkey’s electricity consumption. So, the level of established GM(1,1) models for Turkey’s electricity generation and Turkey’s electricity consumption is in good level. Additionally, mean absolute percentage error (MAPE) values of GM(1,1) models for Turkey’s electricity generation and consumption were obtained as 3.12% and 3.08%, respectively. Results of F-test showed that p-value of GM(1,1) model for Turkey’s electricity generation and consumption was 0.48. According to these results, GM(1,1) models are suitable for prediction of Turkey’s electricity generation and consumption. Furthermore, the average annual grow rates of Turkey’s electricity generation and consumption for the period 2017-2027 were forecasted as 5.25% and 5.58%, respectively. In addition to this, Turkey’s electricity generation and consumption were forecasted as 405310GWh and 344672GWh, respectively, for 2023.

Keywords

References

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Details

Primary Language

English

Subjects

-

Journal Section

Research Article

Publication Date

December 19, 2018

Submission Date

June 2, 2018

Acceptance Date

October 3, 2018

Published in Issue

Year 2018 Volume: 4 Number: 2

APA
Şahin, U. (2018). FORECASTING OF TURKEY’S ELECTRICITY GENERATION AND CONSUMPTION WITH GREY PREDICTION METHOD. Mugla Journal of Science and Technology, 4(2), 205-209. https://doi.org/10.22531/muglajsci.450307
AMA
1.Şahin U. FORECASTING OF TURKEY’S ELECTRICITY GENERATION AND CONSUMPTION WITH GREY PREDICTION METHOD. Mugla Journal of Science and Technology. 2018;4(2):205-209. doi:10.22531/muglajsci.450307
Chicago
Şahin, Utkucan. 2018. “FORECASTING OF TURKEY’S ELECTRICITY GENERATION AND CONSUMPTION WITH GREY PREDICTION METHOD”. Mugla Journal of Science and Technology 4 (2): 205-9. https://doi.org/10.22531/muglajsci.450307.
EndNote
Şahin U (December 1, 2018) FORECASTING OF TURKEY’S ELECTRICITY GENERATION AND CONSUMPTION WITH GREY PREDICTION METHOD. Mugla Journal of Science and Technology 4 2 205–209.
IEEE
[1]U. Şahin, “FORECASTING OF TURKEY’S ELECTRICITY GENERATION AND CONSUMPTION WITH GREY PREDICTION METHOD”, Mugla Journal of Science and Technology, vol. 4, no. 2, pp. 205–209, Dec. 2018, doi: 10.22531/muglajsci.450307.
ISNAD
Şahin, Utkucan. “FORECASTING OF TURKEY’S ELECTRICITY GENERATION AND CONSUMPTION WITH GREY PREDICTION METHOD”. Mugla Journal of Science and Technology 4/2 (December 1, 2018): 205-209. https://doi.org/10.22531/muglajsci.450307.
JAMA
1.Şahin U. FORECASTING OF TURKEY’S ELECTRICITY GENERATION AND CONSUMPTION WITH GREY PREDICTION METHOD. Mugla Journal of Science and Technology. 2018;4:205–209.
MLA
Şahin, Utkucan. “FORECASTING OF TURKEY’S ELECTRICITY GENERATION AND CONSUMPTION WITH GREY PREDICTION METHOD”. Mugla Journal of Science and Technology, vol. 4, no. 2, Dec. 2018, pp. 205-9, doi:10.22531/muglajsci.450307.
Vancouver
1.Utkucan Şahin. FORECASTING OF TURKEY’S ELECTRICITY GENERATION AND CONSUMPTION WITH GREY PREDICTION METHOD. Mugla Journal of Science and Technology. 2018 Dec. 1;4(2):205-9. doi:10.22531/muglajsci.450307

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