IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v17y2024i15p3753-d1445874.html
   My bibliography  Save this article

Analysis of the Relationships between Variables and Their Applications in the Energy Saving Field

Author

Listed:
  • Yongqiang Zhu

    (School of Electrical and Electronic Engineering, North China Electric Power University, Beijing 102206, China)

  • Xinyi Li

    (School of Electrical and Electronic Engineering, North China Electric Power University, Beijing 102206, China)

  • Xizhen Mu

    (School of Electrical and Electronic Engineering, North China Electric Power University, Beijing 102206, China)

  • Yue Zhao

    (School of Electrical and Electronic Engineering, North China Electric Power University, Beijing 102206, China)

Abstract

Energy saving is an important measure to promote social green transformation. The traditional energy-saving ideas usually only focus on a specific loss, and seldom consider the possible relationship and influence among various losses. In relatively complex energy-using systems, there are often many kinds of losses, and each loss may have many influencing factors. There may be some relationship between these losses and the influencing factors. To solve this problem, this paper presents an analysis method of the variable association in multi-variable systems. First, the basic relationships between variables and the representation methods are discussed. The basic concept of a path between variables is given, and the analysis method of variable association based on path statistics is provided. This paper focuses on the analysis of the influencing factors and paths of the observed variables, as well as which observed variables will be affected by a control variable. Then, based on the correlation matrix, the quantitative analysis method of the influence between variables is given. Variable correlation analysis is innovatively applied in the field of energy saving to determine the correlation of losses through variable associations, guiding the preliminary screening of energy-saving measures and analyzing the collateral effects of these measures. Based on the correlations between energy losses, a scientific process for formulating energy-saving measures is proposed. The variable correlation analysis method proposed in this paper is a generalized method, which can judge the correlation between variables from the perspective of theoretical analysis and avoid the dependence on data. In addition to good applications in the field of energy conservation, it can also be widely used in construction, transportation, climate change, and other fields. The proposed energy-saving ideas take into account the intensity of influencing factors on loss and the correlation between loss, which improves the effectiveness of energy saving measures.

Suggested Citation

  • Yongqiang Zhu & Xinyi Li & Xizhen Mu & Yue Zhao, 2024. "Analysis of the Relationships between Variables and Their Applications in the Energy Saving Field," Energies, MDPI, vol. 17(15), pages 1-16, July.
    • Handle: RePEc:gam:jeners:v:17:y:2024:i:15:p:3753-:d:1445874
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/17/15/3753/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1996-1073/17/15/3753/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Pawe{l} Fiedor, 2014. "Mutual Information Rate-Based Networks in Financial Markets," Papers 1401.2548, arXiv.org.
    2. Patton, Andrew, 2013. "Copula Methods for Forecasting Multivariate Time Series," Handbook of Economic Forecasting, in: G. Elliott & C. Granger & A. Timmermann (ed.), Handbook of Economic Forecasting, edition 1, volume 2, chapter 0, pages 899-960, Elsevier.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Dimitrios Panagiotou & Athanassios Stavrakoudis, 2023. "Price dependence among the major EU extra virgin olive oil markets: a time scale analysis," Review of Agricultural, Food and Environmental Studies, Springer, vol. 104(1), pages 1-26, March.
    2. Harvey, A., 2021. "Score-driven time series models," Cambridge Working Papers in Economics 2133, Faculty of Economics, University of Cambridge.
    3. Maziar Sahamkhadam, 2021. "Dynamic copula-based expectile portfolios," Journal of Asset Management, Palgrave Macmillan, vol. 22(3), pages 209-223, May.
    4. Arthur Matsuo Yamashita Rios de Sousa & Hideki Takayasu & Misako Takayasu, 2017. "Detection of statistical asymmetries in non-stationary sign time series: Analysis of foreign exchange data," PLOS ONE, Public Library of Science, vol. 12(5), pages 1-18, May.
    5. Nicoló Musmeci & Tomaso Aste & T Di Matteo, 2015. "Relation between Financial Market Structure and the Real Economy: Comparison between Clustering Methods," PLOS ONE, Public Library of Science, vol. 10(3), pages 1-24, March.
    6. Nguyen, Hoang & Virbickaitė, Audronė, 2023. "Modeling stock-oil co-dependence with Dynamic Stochastic MIDAS Copula models," Energy Economics, Elsevier, vol. 124(C).
    7. Raza, Hamid & Wu, Weiou, 2018. "Quantile dependence between the stock, bond and foreign exchange markets – Evidence from the UK," The Quarterly Review of Economics and Finance, Elsevier, vol. 69(C), pages 286-296.
    8. James, Nick & Menzies, Max & Gottwald, Georg A., 2022. "On financial market correlation structures and diversification benefits across and within equity sectors," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 604(C).
    9. Chen, Xiaohong & Huang, Zhuo & Yi, Yanping, 2021. "Efficient estimation of multivariate semi-nonparametric GARCH filtered copula models," Journal of Econometrics, Elsevier, vol. 222(1), pages 484-501.
    10. Fousekis, Panos, 2024. "Price Links Among Qualitatively Differentiated Meats: Evidence from The UK Wholesale Beef Market," International Journal of Food and Agricultural Economics (IJFAEC), Alanya Alaaddin Keykubat University, Department of Economics and Finance, vol. 12(3), July.
    11. Fousekis, Panos & Grigoriadis, Vasilis, 2019. "Integration and Hierarchy of Pork Markets in the EU: An Analysis from the Vantage of Graph Theory," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 68(2), June.
    12. Fousekis, Panos, 2020. "Sign and size asymmetry in the stock returns-implied volatility relationship," The Journal of Economic Asymmetries, Elsevier, vol. 21(C).
    13. Liu, Xueyong & Jiang, Cheng, 2020. "The dynamic volatility transmission in the multiscale spillover network of the international stock market," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 560(C).
    14. Mohseni, Soheil & Brent, Alan C. & Kelly, Scott & Browne, Will N., 2022. "Demand response-integrated investment and operational planning of renewable and sustainable energy systems considering forecast uncertainties: A systematic review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 158(C).
    15. Fousekis, Panos & Tzaferi, Dimitra, 2018. "Market connectedness in the US beef supply chain," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 0(Issue 1).
    16. Haffar, Adlane & Le Fur, Éric, 2022. "Time-varying dependence of Bitcoin," The Quarterly Review of Economics and Finance, Elsevier, vol. 86(C), pages 211-220.
    17. Guilherme Armando Almeida Pereira & Álvaro Veiga, 2019. "Periodic Copula Autoregressive Model Designed to Multivariate Streamflow Time Series Modelling," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 33(10), pages 3417-3431, August.
    18. Liu, Jianing & Man, Yuanyuan & Dong, Xiuliang, 2023. "Tail dependence and risk spillover effects between China's carbon market and energy markets," International Review of Economics & Finance, Elsevier, vol. 84(C), pages 553-567.
    19. Elena Ivona Dumitrescu & Georgiana-Denisa Banulescu, 2019. "Do High-frequency-based Measures Improve Conditional Covariance Forecasts?," Post-Print hal-03331122, HAL.
    20. Zhong, Tao & Peng, Qinke & Wang, Xiao & Zhang, Jing, 2016. "Novel indexes based on network structure to indicate financial market," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 443(C), pages 583-594.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jeners:v:17:y:2024:i:15:p:3753-:d:1445874. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.