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Forecasting The Electricity Consumption in Myanmar (1961-62 to 2019-2020) (The' Mya Thawdar Tin, 2022)
https://meral.edu.mm/records/8316
https://meral.edu.mm/records/831631a04840-2c44-4b7c-b61d-12e484313f93
1b707777-7f05-4922-938d-96b4f64abb77
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| Title | ||||||
| Title | Forecasting The Electricity Consumption in Myanmar (1961-62 to 2019-2020) (The' Mya Thawdar Tin, 2022) | |||||
| Language | en | |||||
| Publication date | 2022-07-01 | |||||
| Authors | ||||||
| The' Mya Thawdar Tin | ||||||
| Description | ||||||
| Electricity plays a very important role in the economic development for the countries. This study investigates the forecasting of electricity consumption in Myanmar by using annual time series data for the period from 1961-1962 to 2019- 2020. The secondary data of electricity consumption in Myanmar are obtained from Myanmar Statistical Year Books published by Central Statistical Organization, Ministry of Planning and Finance. The electricity consumption is one of the most important energy sources to develop the human living standard, industrialization and economic for a country. Moreover, the electricity consumption is expected to provide well organized planning and policy for the development of the country in future. The time series analysis of electricity consumption in Myanmar are analyzed and based on the most adequate model chosen among ARIMA Model, Brown’s Double Exponential Smoothing Model and Holt’s Double Exponential Smoothing Model. According to the results of study, the values of MAE and RMSE for Brown’s Double Exponential Smoothing Model are smaller than the other models. Therefore, Brown’s Double Exponential Smoothing Model is the most suitable and used to forecast the electricity consumption in Myanmar for the next five years. By the results of the study, the electricity consumption in Myanmar is likely to continue on an upward trend in the next years. |
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| Thesis/dissertations | ||||||
| Yangon University of Economics | ||||||
| Daw. Khin Thet Tun | ||||||