Abstract:Currently, the Thailand government is promoting biofuel, especially the producer of biodiesel. Starting from 2015, the Ministry of Energy of Thailand has determined that the palm oil remaining from domestic consumption is 14 million liters per day in 2036. Forecasting biodiesel prices are most important since biodiesel price volatility affects renewable energy consumption in the future. This paper presents the biodiesel prices in Thailand with the time series decomposition method. The source of time series dat… Show more
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