Archive

IJASM Latest News

Submissions open

"Submissions Open For Vol. 11,Issue3, May. - June, 2024"


Mail your paper at E-mail:

Mail your paper at E-mail: submit2ijasm@yahoo.in , submit@ijasm.org


Successfully Published

Issues


Submissions open

"Submissions Open For Vol. 11,Issue3, May. - June, 2024"


Mail your paper at E-mail:

Mail your paper at E-mail: submit2ijasm@yahoo.in , submit@ijasm.org


Successfully Published

Issues


Submissions open

"Submissions Open For Vol. 11,Issue3, May. - June, 2024"


Mail your paper at E-mail:

Mail your paper at E-mail: submit2ijasm@yahoo.in , submit@ijasm.org


Successfully Published

Issues


Submissions open

"Submissions Open For Vol. 11,Issue3, May. - June, 2024"


Mail your paper at E-mail:

Mail your paper at E-mail: submit2ijasm@yahoo.in , submit@ijasm.org


Successfully Published

Issues


Submissions open

"Submissions Open For Vol. 11,Issue3, May. - June, 2024"


Mail your paper at E-mail:

Mail your paper at E-mail: submit2ijasm@yahoo.in , submit@ijasm.org


Successfully Published

Issues


Submissions open

"Submissions Open For Vol. 11,Issue3, May. - June, 2024"


Mail your paper at E-mail:

Mail your paper at E-mail: submit2ijasm@yahoo.in , submit@ijasm.org


Successfully Published

Issues


Submissions open

"Submissions Open For Vol. 11,Issue3, May. - June, 2024"


Mail your paper at E-mail:

Mail your paper at E-mail: submit2ijasm@yahoo.in , submit@ijasm.org


Successfully Published

Issues


Submissions open

"Submissions Open For Vol. 11,Issue3, May. - June, 2024"


Mail your paper at E-mail:

Mail your paper at E-mail: submit2ijasm@yahoo.in , submit@ijasm.org


Successfully Published

Issues



Our Journals

  • IJECCE
    IJECCE
  • IJEIR
    IJEIR
  • IJAIR
    IJAIR
  • IJAIM
    IJAIM
  • IJISM
    IJISM
  • IJRAS
    IJRAS
  • IJIRES
    IJIRES
  • IJRIES
    IJRIES
  • IJASM
    IJASM

Oil Consumption Prediction of OPEC Member States using Artificial Neural Network

  • Buah Ahoba Masha
In this study five Artificial Neural Network (ANN) models namely Back propagation Neural Network (BPNN), Radial Basis Function Neural Network (RBFNN), Least Squares Support Vector Machines (LSSVM), Generalized Regression Neural Network (GRNN) and Group Method Data Handling (GMDH) were developed to predict oil consumption of the Organization of Petroleum Exporting Countries (OPEC) and their predictive performance were compared. The results of the study showed that, RBFNN model out performed all the developed models with MSE, VAF, PI, MSE values of 0.00707, 82.8538,0.85038,3.9899 and 1.532 respectively. The performance of the RBFNN was closely followed by GMDH, BPNN, LSSVM and GRNN. Based on the results of the Sobol’s sensitivity analysis, values of oil export was the most influential factor that affects oil consumption of OPEC member states.
Select Volume / Issue:
Year:
2022
Type of Publication:
Article
Keywords:
Artificial Neural Network; Oil Consumption; Macroeconomic Indicators; OPEC
Journal:
IJASM
Volume:
9
Number:
3
Pages:
47-60
Month:
May
ISSN:
2394-2894
Hits: 1466
Don't have an account yet? Register Now!

Sign in to your account