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Oil Consumption Analysis in the USA in Current Time

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Software Engineering Application in Informatics (CoMeSySo 2021)

Part of the book series: Lecture Notes in Networks and Systems ((LNNS,volume 232))

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Abstract

This article examines the oil consumption dynamics from 1965 to 2020 in the United States of America. The corresponding time series fluctuations and trend components analysis is carried out. The oil consumption dynamics a short-term forecast is also built. The trend is preliminarily eliminated based on the proportions’ theory for time series fluctuations further analysis. Near-period values are determined using shift and autocorrelation functions. Based on the near-period obtained value, a development cell is built. Presumably, in the period from 2021 to 2042, the oil consumption dynamics in the United States will be distinguished by steady, slow growth with an average annual rate of about 1%, which will be interrupted by short-term recessions. After 2042, an unstable development phase will begin until 2061. During this period, a qualitative restructuring and a change in the oil consumption dynamics structure in the United States will take place. #COMESYSO1120.

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Vysotskaya, A.A., Dzerzhinsky, R.I., Pronina, E.N. (2021). Oil Consumption Analysis in the USA in Current Time. In: Silhavy, R., Silhavy, P., Prokopova, Z. (eds) Software Engineering Application in Informatics. CoMeSySo 2021. Lecture Notes in Networks and Systems, vol 232. Springer, Cham. https://doi.org/10.1007/978-3-030-90318-3_10

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