In this paper, an econometric model of consumption in Bulgaria for the period 1997-2005 is constructed. The Error-Correction Model (ECM) approach is employed and long-run relationship between household consumption and income was found. The primary purpose of this empirical paper is to get a better understanding of the factors driving household consumption in Bulgaria and to estimate a consumpti...

This paper studies the econometric problems associated with estimation of a stochastic process that is endogenously sampled. Our interest is to infer the law of motion of a discrete-time stochastic process pt that is observed only at a subset of times t1 tn that depend on the outcome of a probabilistic sampling rule that depends on the history of the process as well as other observed covariates...

Forecasting electricity consumption is one of the most important operational issues in order to the use facility systems and power sources optimally. Electricity demand forecasting process will ultimately have an important role in the economic and security of the energy operating system. The objectives of this research are to forecast long-term electricity demand for 2011-2022 and to provide ma...

Medium-term load forecasting is a useful tool for the maintenance planning of grids and as a market research of electric energy. In this work medium-term load forecasting methods are developed, the most forgotten time scaling process in the load forecasting bibliography. These methods will be applied to the peninsular Spanish monthly energy consumption. Methods traditionally employed with this ...

The accurate forecasting of carbon dioxide (CO2) emissions from fossil fuel energy consumption is a key requirement for making energy policy and environmental strategy. In this paper, a novel quantum harmony search (QHS) algorithm-based discounted mean square forecast error (DMSFE) combination model is proposed. In the DMSFE combination forecasting model, almost all investigations assign the di...

Confidence in macro-economic forecasting has periodically been punctured by episodes of economic turbulence and concomitant predictive failure. The poor performance in predicting the consumer boom in the late 1980’s, and the depth and duration of the recession in the 1990’s, can be viewed as merely the latest examples in a catalogue of failures, with noteworthy antecedents including the under-p...