Abstract
Forecasting of electricity consumption for residential and industrial customers is an important task providing intelligence to the smart grid. Accurate forecasting should allow a utility provider to plan the resources as well as to take control actions to balance the supply and the demand of electricity. This paper presents two non - seasonal and two seasonal sliding window-based ARIMA (Auto Regressive Integrated Moving Average) algorithms. These algorithms are developed for short-term forecasting of hourly electricity load. The algorithms integrate non - seasonal and seasonal ARIMA models with the OLIN (Online Information Network) methodology. To evaluate our approach, we use a real hourly consumption data stream recorded by six smart meters during a 16-month period.
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Notes
- 1.
ARIMA models: (000, 001, 100, 101, 010, 011, 111, 221, 222).
- 2.
SARIMA models: (000, 001, 100, 101, 010, 011, 111, 221, 222) (0, 1, 1).
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Acknowledgments
This work was partially supported by the Israel Smart Grid (ISG) Consortium under the MAGNET Program, in the office of the Chief Scientist of the Ministry of Economics in Israel.
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Alberg, D., Last, M. (2017). Short-Term Load Forecasting in Smart Meters with Sliding Window-Based ARIMA Algorithms. In: Nguyen, N., Tojo, S., Nguyen, L., Trawiński, B. (eds) Intelligent Information and Database Systems. ACIIDS 2017. Lecture Notes in Computer Science(), vol 10192. Springer, Cham. https://doi.org/10.1007/978-3-319-54430-4_29
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DOI: https://doi.org/10.1007/978-3-319-54430-4_29
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