Modelling the Electric Power Consumption in Germany
Part of : MIBES Transactions : international journal ; Vol.7, pages 40-47
Issue:
Pages:
40-47
Abstract:
The main goal of our project is to see how the electric power consumption (kWh) is influenced and fluctuates regarding the total population and the surface area (m2), in the territory of Germany using tools provided from the econometrics theory, such as regression analysis and time series analysis. The dependent variable is the electric power consumption, while the independent variables are the population and surface area.
The reason behind our choice is the fact that we noticed that once the world gets more in trend with the technology, more electric power is being used; so, we decided to see how the electric power consumption has fluctuated between the years of 1977 and 2010 in Germany, regarding the total population fluctuation and the surface area. The last independent variable is important to indicate and later, maybe in other paper, to compare with other countries, because the concentration of the population depends also on the surface area.
Subject:
Subject (LC):
Keywords:
electric power consumption, regression analysis
References (1):
- Boug, P. (2000), “Modelling energy demand in Germany – A Cointegration Approach”, Statistic Research Norway Department Sotiropoulos, E. (2012), Master Thesis “Modelling of German Electricity Load for pricing forward contracts”, EEH – Power Systems Laboratory, Swiss Federal Institute of Technology (ETH) Zurich Kandel, A. Sheridan, M. MCauliffe, P. (2008), “A comparison of per capita electricity consumption in the United States and California”, California Energy Commission Presented at: 2008 ACEEE Summer Study on Energy Efficiency in Buildings Asilomar Conference Center Pacific Grove, California August 17-22, 2008 Jeffrey M. Wooldridge, (2011), “Introductory Econometrics – A modern approach”, International Student Edition The World Bank, http://data.worldbank.org/indicator http://www.statisticsmentor.com/tables/table_t.htm
