Analysis of energy consumption in colombia using the holt method

Energy production is constantly facing major challenges today, because despite initiatives to promote the insertion of renewable energy, electricity consumption has shown considerable growth in recent years. In order to use an instrument that facilitates forecasts and predictive processes for the de...

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Autores:
Contreras Salinas, Jheison
López, Fernando
Rondon Rodriguez, Carlos Andres
Hernández palma4, Hugo G.
De-la-Hoz-Hernández, Juan-David
Tipo de recurso:
Fecha de publicación:
2020
Institución:
Universidad Simón Bolívar
Repositorio:
Repositorio Digital USB
Idioma:
eng
OAI Identifier:
oai:bonga.unisimon.edu.co:20.500.12442/6683
Acceso en línea:
https://hdl.handle.net/20.500.12442/6683
https://doi.org/10.32479/ijeep.8221
http://www.econjournals.com/index.php/ijeep/article/view/8221
Palabra clave:
Energy Consumption
Holt Method
Energy Efficiency
Colombia
Rights
openAccess
License
Attribution-NonCommercial-NoDerivatives 4.0 Internacional
Description
Summary:Energy production is constantly facing major challenges today, because despite initiatives to promote the insertion of renewable energy, electricity consumption has shown considerable growth in recent years. In order to use an instrument that facilitates forecasts and predictive processes for the design of strategic plans associated with energy management, the application of the Holt Method is proposed using data on electricity demand in Colombia, GDP per capita and industrial value added, making an analysis of the last 10 years, based on figures from the World Bank. The final results predict that energy consumption for the period 2018-2020 will be between 66,231 GWk and 66,885 GWk.