Turkey's Forecasting of Energy Demand with Artificial Neural-Network (original) (raw)

Energy demand is increasing day by day in parallel with economic growth, especially for the rapidly developing countries. In order to achieve a sustainable economic growth, long-term targets are being put to manage the operation of market in a good way. Turkey is an emerging and rapidly developing country so its energy demand has increased rapidly to meet the growing economy. Therefore, forecasting Turkey's energy demand accurately is of great importance to achieve a sustainable economic growth. The main goal of this study is to develop the equation for forecasting energy demand using the backpropagation algorithm which is one of the artificial neural-network models to determine the future level of energy demand. This study presents the predictions for the years 2017-2020. The results of the energy demand estimations found in this study are compared with the official estimations of the MENR. It is concluded that official estimations for Turkey's energy demand are dramatically higher than forecasting value presented in this study.