Related papers: Forecasting Short-term load using Econometrics tim…
Time series forecasting has attracted significant attention, leading to the de-velopment of a wide range of approaches, from traditional statistical meth-ods to advanced deep learning models. Among them, the Auto-Regressive Integrated…
This article presents a novel hybrid approach using statistics and machine learning to forecast the national demand of electricity. As investment and operation of future energy systems require long-term electricity demand forecasts with…
In this study, we focus on the development and implementation of a comprehensive ensemble of numerical time series forecasting models, collectively referred to as the Group of Numerical Time Series Prediction Model (G-NM). This inclusive…
In this article we present an approach that enables joint wind speed and wind power forecasts for a wind park. We combine a multivariate seasonal time varying threshold autoregressive moving average (TVARMA) model with a power threshold…
Developing statistical models for seismic noise is an exercise of high value in seismic data analysis since these models play a critical role in detecting the onset of seismic events. A majority of these models are usually built on certain…
Accurate electricity price forecasting is the main management goal for market participants since it represents the fundamental basis to maximize the profits for market players. However, electricity is a non-storable commodity and the…
Many applications in different domains produce large amount of time series data. Making accurate forecasting is critical for many decision makers. Various time series forecasting methods exist which use linear and nonlinear models…
Electricity is bought and sold in wholesale markets at prices that fluctuate significantly. Short-term forecasting of electricity prices is an important endeavor because it helps electric utilities control risk and because it influences…
Short term load forecasts will play a key role in the implementation of smart electricity grids. They are required to optimise a wide range of potential network solutions on the low voltage (LV) grid, including integrating low carbon…
The wide spread of new energy resources, smart devices, and demand side management strategies has motivated several analytics operations, from infrastructure load modeling to user behavior profiling. Energy Demand Forecasting (EDF) of…
The increasing complexity of supply chains and the rising costs associated with defective or substandard goods (bad goods) highlight the urgent need for advanced predictive methodologies to mitigate risks and enhance operational efficiency.…
In this study we investigate the heat load patterns in one building using multi-step forecasting model. We combine the Autoregressive models that use multiple eXogenous variables (ARX) with Seasonally adaptable Time of Week and Climate…
Accurate electricity forecasting is crucial for grid stability and energy planning, especially in Benghazi, Libya, where frequent load shedding, generation deficits, and infrastructure limitations persist. This study proposes a data-driven…
Load forecasts have become an integral part of energy security. Due to the various influencing factors that can be considered in such a forecast, there is also a wide range of models that attempt to integrate these parameters into a system…
Long-term electricity demand forecasting is essential for grid and operations planning, as well as for the analysis and planning of energy transition strategies. However, accurate long-term load forecasting with high temporal resolution…
Many water-quality monitoring programs aim to measure turbidity to help guide effective management of waterways and catchments, yet distributing turbidity sensors throughout networks is typically cost prohibitive. To this end, we built and…
Forecasting load in power transmission networks is essential across various hierarchical levels, from the system level down to individual points of delivery (PoD). While intuitive and locally accurate, traditional local forecasting models…
Forecasting can estimate the statement of events according to the historical data and it is considerably important in many disciplines. At present, time series models have been utilized to solve forecasting problems in various domains. In…
We introduce a novel functional time series methodology for short-term load forecasting. The prediction is performed by means of a weighted average of past daily load segments, the shape of which is similar to the expected shape of the load…
Short-term load forecasting (STLF) is essential for the reliable and economic operation of power systems. Though many STLF methods were proposed over the past decades, most of them focused on loads at high aggregation levels only. Thus,…