Prediction of CO2 Emissions in India Using ARIMA Models
DRJ - Journal of Economics & Finance, 4(2), pp. 01-10.
10 Pages Posted: 27 Mar 2019
Date Written: March 4, 2019
This research uses annual time series data on CO2 emissions in India from 1960 to 2017, to model and forecast CO2 using the Box – Jenkins ARIMA approach. Our diagnostic tests indicate that India CO2 emission data is I (2). The study presents the ARIMA (2, 2, 0) model. The diagnostic tests further imply that the presented model is stable and suitable. The results of the study establish that CO2 emissions in India are likely to increase and thereby exposing India to climate related challenges. 5 policy prescriptions have been put forward.
Keywords: ARIMA model, Box-Jenkins, Climate Change, CO2 emissions, Energy Management, Environment, India
JEL Classification: C53, P28, Q47, Q52, Q53, Q54
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