Estimation and Forecasting Gasoline Demand in Transport Sector By PLSR Method

Energy supply is one of the most important areas of economic and social development of each country and always has been raised as a key component of development planning. The demand for Gasoline in the transportation sector also reflects the needs of energy consumers for this system.Thus, Partial Least Squares Regression Technique (PLSR) is used to estimate and speculate Gasoline demand and also to study the degree of variable effects (Gasoline subsidies, gross domestic production(GDP), population as well as the rate of urbanization) in the  transportation sector. The summarized findings suggest that GDP, population, the rate of urbanization and gasoline subsidies have a meaningful and direct effects on Gasoline demand in the transportation sector. From of all, the rate of urbanization has put the most effect while energy subsidies left the least one. The estimation of diesel demand in transportation sector and its anticipation in 2021 indicate that the rate of Gasoline demand  is following an average growth degree of 5/2% annually.