publication . Part of book or chapter of book . 2010

Practical Results of Forecasting for the Natural Gas Market

Primoz Potocnik; Edvard Govekar;
Open Access English
  • Published: 18 Aug 2010
  • Publisher: InTech
Abstract
Natural gas consumption forecasting is required to balance the supply and consumption of natural gas. Companies and natural gas distributors are motivated to forecast their consumption by the economic incentive model that dictates the cash flow rules corresponding to the forecasting accuracy. The rules are quite challenging but enable the company to gain positive cash flow by forecasting accurately their short-term natural gas consumption. In this chapter, some practical forecasting results for the Slovenia natural gas market are presented. In 2007, an online forecasting system was developed and installed for a larger gas distributing company in Slovenia (accord...
Subjects
free text keywords: Industrial organization, Economics, Demand forecasting, Financial economics, Natural gas, business.industry, business
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publication . Part of book or chapter of book . 2010

Practical Results of Forecasting for the Natural Gas Market

Primoz Potocnik; Edvard Govekar;