Forecasting of Fujian Province’s Energy Consumption in 2025 Using GM (1, 1)
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DOI: 10.25236/iccem.2021.048
Author(s)
Huang Mingqiang, Lin Ruijuan
Corresponding Author
Huang Mingqiang
Abstract
This paper analyzes the current situation of energy consumption in Fujian Province by using the data of total and composition of energy consumption of Fujian Province from 2006 to 2019 and the data of comprehensive energy balance sheet of Fujian Province from 2009 to 2019. And then, the GM (1,1) prediction method was used to construct the energy consumption prediction model for forecasting the energy consumption of Fujian Province in 2025. The results show that under the current economic development trend, the energy consumption of Fujian province will reach to 18389.191 ×104 tons of SCE in 2025.
Keywords
Grey forecasting model, Energy consumption, China, Fujian province