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Forecasting USAF JP-8 Fuel Needs

by Ömer Sağlam
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Current price ₹5,125.00
Original price ₹5,974.00
Original price ₹5,974.00
Original price ₹5,974.00
(-14%)
₹5,125.00
Current price ₹5,125.00

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Book cover type: Paperback
  • ISBN13: 9781286861066
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Biblioscholar
  • Publisher Imprint: Biblioscholar
  • Publication Date:
  • Pages: 172
  • Original Price: GBP 45.95
  • Language: English
  • Edition: N/A
  • Item Weight: 318 grams
  • BISAC Subject(s): General

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.

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