Public Sector Policy of Estimating Model for Renewable Energy

Authors

  • Saring Suhendro Universitas Lampung
  • Mega Matalia Universitas Lampung
  • Sari Indah Oktanti Sembiring Universitas Lampung

Abstract

Renewable energies are crucially needed right now. One of the them is ethanol as a non-fossil energy source. Data time-series of world demand for ethanol are very interesting to find its forecasting models, so that the production targets can be more accurate. Generalised auto-regressive conditional heteroscedasticity is one of the best models we use. Our findings AR(1) - Generalised Auto-Regressive Conditional Heteroskedasticity (GARCH) (1,1) modelsare considered as a good-fit measurement in predicting ethanol demand. Increasing the number of demand should be considered with the number of its processes. In this paper, we combine an analysis of economic considerations (predicting demand levels) with a political analysis of policies (describing renewable energy policy options).Keywords: Renewable energies, Ethanol, GARCH model, Forecasting, Energy policyJEL Classifications: C5, C53, H2, H25, Q4, Q47DOI: https://doi.org/10.32479/ijeep.11323

Downloads

Download data is not yet available.

Downloads

Published

2021-08-20

How to Cite

Suhendro, S., Matalia, M., & Sembiring, S. I. O. (2021). Public Sector Policy of Estimating Model for Renewable Energy. International Journal of Energy Economics and Policy, 11(5), 609–613. Retrieved from https://econjournals.com.tr/index.php/ijeep/article/view/11323

Issue

Vol. 11 No. 5 (2021)

Section

Articles

License

Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication.