Forecasting electric load demand through advanced statistical techniques

Traditional forecasting models have been widely used for decision-making in production, finance and energy. Such is the case of the ARIMA models, developed in the 1970s by George Box and Gwilym Jenkins [1], which incorporate characteristics of the past models of the same series, according to their a...

Full description

Autores:
silva d, jesus g
Senior Naveda, Alexa
García Guiliany, Jesús Enrique
Niebles Nuñez, William
Hernández Palma, Hugo
Tipo de recurso:
Article of journal
Fecha de publicación:
2020
Institución:
Corporación Universidad de la Costa
Repositorio:
REDICUC - Repositorio CUC
Idioma:
eng
OAI Identifier:
oai:repositorio.cuc.edu.co:11323/5960
Acceso en línea:
https://hdl.handle.net/11323/5960
https://repositorio.cuc.edu.co/
Palabra clave:
Electric charge
Electrical demand
Forecasting models
Rights
openAccess
License
CC0 1.0 Universal
Description
Summary:Traditional forecasting models have been widely used for decision-making in production, finance and energy. Such is the case of the ARIMA models, developed in the 1970s by George Box and Gwilym Jenkins [1], which incorporate characteristics of the past models of the same series, according to their autocorrelation. This work compares advanced statistical methods for determining the demand for electricity in Colombia, including the SARIMA, econometric and Bayesian methods.