Statistical Approaches to Forecasting Domestic Energy Consumption and Assessing Determinants: The Case of Nordic Countries
Abstract
The residential sector accounts for large share of total annual en-
ergy use in the Nordic countries due to the extremely cold climates and
high household heating demand. Most domestic energy consumption in
the Nordic countries is for space heating and providing hot water. The
purpose of our study was to forecast the annual energy consumption of
the Nordic residential sectors by 2020 as a function of socio-economic
and environmental factors, and to offer a framework for the predictors
in each country.
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