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Forecasting USAF Jp-8 Fuel Needs

Name: Forecasting USAF Jp-8 Fuel Needs
Brand: Biblioscholar
SKU: 08218012
Price: 58.29 EUR
Availability: InStock
Author: Omer Sa Lam
ISBN: 9781286861066

Omer Sa Lam

Language

English

Book Paperback

Libristo code: 08218012

Publishers Biblioscholar, October 2012

In this study, we forecast the USAF's JP-8 consumption and costs for the next five year period. The... Full description

Libristo code: 08218012

143 b

58.29 € VAT included

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In this study, we forecast the USAF's JP-8 consumption and costs for the next five year period. The study shows that JP-8 consumption figures will go on to follow the recent trend via Holt's Linear Method. Also, the study shows that good short-term predictions can be obtained with more simple and easy-to-implement methods, versus complex ones. When we consider long-term forecasts, 5-years in this case, multiple regression outperforms ANN modeling within the specified forecast accuracy measures. Our results indicate that the USAF's JP-8 cost for each of the next 5 years will be somewhere between 6.3 and 7.5 billion dollars.