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Forecasting the long term energy demand of Bangladesh using SPSS from 2011–2040

Energy consumption is promptly increasing in most developing countries since they foster their economic growth. Modern technological electrical devices in day to day activities require high consumption of energy. People's requirement for higher living standard and rapid population growth are among the determinants in the growth of energy consumption. For optimal use of facility systems and power sources forecasting energy consumption is very important. This paper portrays the forecast of long term energy demand of Bangladesh as dependent variable and independent variables are GDP per capita, price of oil, population growth and lagged electricity consumption. The findings are similar and correspond with the assumptions in the relationship between variables.