Published February 2018

Analysis of economic performance in natural gas transportation using economic-mathematic methods

M.A. Aliyev

Keywords:  
oil industry
natural gas transportation
mainland pipelines
economic-mathematic model
correlation-regression analysis method
model adequacy
approximation error

The factors affecting natural gas transportation are defined, as well as the effect of each factor calculated via correlation methods. At the same time, absolute and pair correlation coefficients matrixes are developed, regression equation made as well. Economic essence of multi-factor model is justified and regression coefficient estimated based on Fisher’s ratio test. All calculations have been made based on standard computer software. It was revealed that 68.4% of transported gas capacity depends on the factors included in presented model. The development of transported gas capacity final model was provided by means of multi-step regression level.

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