On-Line Algorithms for Forecasting Hourly Loads of an Electric Utility
- 1 August 1981
- journal article
- Published by Institute of Electrical and Electronics Engineers (IEEE) in IEEE Transactions on Power Apparatus and Systems
- Vol. PAS-100 (8), 3775-3784
- https://doi.org/10.1109/tpas.1981.317020
Abstract
A method which lends itself to online forecasting of hourly electric loads is presented and the results of its use are compared to models developed using the Box-Jenkins method. The method consits of processing the historical hourly loads with a sequential least-squares estimator to identify a finite order autoregressive model which in turn is used to obtain a parsimnious autoregressive-moving average model.Keywords
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