Yıl 2018, Cilt 31, Sayı 4, Sayfalar 1284 - 1296 2018-12-01

Measuring Dependence between Electricity Consumption and Contributing Indicators via Copulas: Turkish Case

O. Ozan EVKAYA [1] , Ceylan YOZGATLIGIL [2] , A. Sevtap SELCUK- KESTEL [3]

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This paper implements copulas to identify the dependence structure between electricity consumption and its cofounding indicators. To achieve this, Turkish electricity demand, its economic and sectoral indicators are taken into account. As a first step, bivariate copulas are used to identify the best fitting copula and the degree of the dependence. Thereafter, multivariate model is established using vine copulas using highly correlated variables. The empirical results confirm the added value of the proposed approach in determining numerous tail properties. We indicate that the copulas are useful to underline, especially, the tail properties of indicators in the market for decision makers.
Electricity demand, Economic ındicators, Sectorial ındicators, Bivariate copulas, Vines
  • Reference 1: Assoc. Prof. Dr. Emel Kızılok Kara (emel.kizilok@kku.edu.tr)
  • Reference 2: Assist. Prof. Dr. Vadoud Najjari (Gazi University, Dept. of Statistics)
  • Reference 3: Prof. Dr. Gerhard Wilhelm Weber (Poznan University, Poland, gerhard.weber@put.poznan.pl)
Birincil Dil en
Konular Mühendislik
Dergi Bölümü Statistics
Yazarlar

Yazar: O. Ozan EVKAYA
Kurum: Atilim University, Department of Mathematics
Ülke: Turkey


Yazar: Ceylan YOZGATLIGIL (Sorumlu Yazar)
Kurum: Middle East Technical University, Department of Statistics
Ülke: Turkey


Yazar: A. Sevtap SELCUK- KESTEL
Kurum: Middle East Technical University

Bibtex @araştırma makalesi { gujs408384, journal = {Gazi University Journal of Science}, issn = {}, eissn = {2147-1762}, address = {Gazi Üniversitesi}, year = {2018}, volume = {31}, pages = {1284 - 1296}, doi = {}, title = {Measuring Dependence between Electricity Consumption and Contributing Indicators via Copulas: Turkish Case}, key = {cite}, author = {EVKAYA, O. Ozan and YOZGATLIGIL, Ceylan and SELCUK- KESTEL, A. Sevtap} }
APA EVKAYA, O , YOZGATLIGIL, C , SELCUK- KESTEL, A . (2018). Measuring Dependence between Electricity Consumption and Contributing Indicators via Copulas: Turkish Case. Gazi University Journal of Science, 31 (4), 1284-1296. Retrieved from http://dergipark.gov.tr/gujs/issue/40684/408384
MLA EVKAYA, O , YOZGATLIGIL, C , SELCUK- KESTEL, A . "Measuring Dependence between Electricity Consumption and Contributing Indicators via Copulas: Turkish Case". Gazi University Journal of Science 31 (2018): 1284-1296 <http://dergipark.gov.tr/gujs/issue/40684/408384>
Chicago EVKAYA, O , YOZGATLIGIL, C , SELCUK- KESTEL, A . "Measuring Dependence between Electricity Consumption and Contributing Indicators via Copulas: Turkish Case". Gazi University Journal of Science 31 (2018): 1284-1296
RIS TY - JOUR T1 - Measuring Dependence between Electricity Consumption and Contributing Indicators via Copulas: Turkish Case AU - O. Ozan EVKAYA , Ceylan YOZGATLIGIL , A. Sevtap SELCUK- KESTEL Y1 - 2018 PY - 2018 N1 - DO - T2 - Gazi University Journal of Science JF - Journal JO - JOR SP - 1284 EP - 1296 VL - 31 IS - 4 SN - -2147-1762 M3 - UR - Y2 - 2018 ER -
EndNote %0 Gazi University Journal of Science Measuring Dependence between Electricity Consumption and Contributing Indicators via Copulas: Turkish Case %A O. Ozan EVKAYA , Ceylan YOZGATLIGIL , A. Sevtap SELCUK- KESTEL %T Measuring Dependence between Electricity Consumption and Contributing Indicators via Copulas: Turkish Case %D 2018 %J Gazi University Journal of Science %P -2147-1762 %V 31 %N 4 %R %U
ISNAD EVKAYA, O. Ozan , YOZGATLIGIL, Ceylan , SELCUK- KESTEL, A. Sevtap . "Measuring Dependence between Electricity Consumption and Contributing Indicators via Copulas: Turkish Case". Gazi University Journal of Science 31 / 4 (Aralık 2018): 1284-1296.