Forecasting USAF JP-8 Fuel Needs (Paperback) (ISBN-13: 9781286861066)

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.

Author: Ömer Sağlam
ISBN-10: 1286861063
ISBN-13: 9781286861066
Publisher: Biblioscholar
Language: English
Published: 10/26/2012
Pages: 172
Format: Paperback
Weight: 0.70lbs
Size: 9.69h x 7.44w x 0.37d