Forecasting of Chinese Primary Energy Consumption in 2021 with GRU artificial neural network

Abstract

The forecasting of energy consumption in China is a key requirement for achieving national energy security and energy planning. In this study, multi-variable linear regression (MLR) and support vector regression (SVR) were utilized with a gated recurrent unit (GRU) artificial neural network of Chinese energy to establish a forecasting model. The derived model was validated through four economic variables; the gross domestic product (GDP), population, imports, and exports. The performance of various forecasting models was assessed via MAPE and RMSE, and three scenarios were configured based on different sources of variable data. In predicting Chinese energy consumption from 2015 to 2021, results from the established GRU model of the highest predictive accuracy showed that Chinese energy consumption would be likely to fluctuate from 2954.04 Mtoe to 5618.67 Mtoe in 2021.