Time Series Moving Average, Smoothing Analysis, Forecasting Analysis and Evaluation for Natural Gas Consumption

Natural Resources is a limited resource and its optimal usage is at most priority now a day as we are approaching towards the run-out situation for these natural resources. As we aware the forecasting is a major factor for the natural resource usage optimization and the oversupply or over usage is a...

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Bibliographic Details
Main Authors: Prabodh Kumar Pradhan, Sunil Kumar Dhal, Nilayam Kumar Kamila
Format: Article
Language:English
Published: Srusti Academy of Management 2017-12-01
Series:Srusti Management Review
Subjects:
Online Access:http://www.srustimanagementreview.ac.in/paperfile/1321920525_Time%20Series%20Moving%20Average,%20Smoothing%20Analysis,%20Forecasting.pdf
Description
Summary:Natural Resources is a limited resource and its optimal usage is at most priority now a day as we are approaching towards the run-out situation for these natural resources. As we aware the forecasting is a major factor for the natural resource usage optimization and the oversupply or over usage is a major concern for its optimized usage. We analyses the forecasting models based on time series and compare the results with actual demand to trace the result difference between the actual and forecasted results. The evaluation method and the graphical interpretation shows a clear impression about the natural gas forecasting and would be considered as a true awareness of the existing forecasting models
ISSN:0974-4274
2582-1148