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Development of ARIMA-based forecasting algorithms using meteorological indices for seasonal peak load
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Publication Year
2018-10-01
Publisher
Korean Institute of Electrical Engineers
Citation
Transactions of the Korean Institute of Electrical Engineers, Vol.67, pp.1257-1264
Keyword
ARIMA modelDiscomfort indexPeak loadSensible temperature
Mesh Keyword
ARIMA modelingAuto-regressive integrated moving averageDiscomfort indexForecasting algorithmMeteorological indexPeak loadSeasonal patternsSensible temperatures
All Science Classification Codes (ASJC)
Electrical and Electronic Engineering
Abstract
This paper proposes Autoregressive Integrated Moving Average (ARIMA)-based forecasting algorithms using meteorological indices to predict seasonal peak load. First of all, this paper observes a seasonal pattern of the peak load that appears intensively in winter and summer, and generates ARIMA models to predict the peak load of summer and winter. In addition, this paper also proposes hybrid ARIMA-based models (ARIMA-Hybrid) using a discomfort index and a sensible temperature to enhance the conventional ARIMA model. To verify the proposed algorithm, both ARIMA and ARIMA-Hybrid models are developed based on peak load data obtained from 2006 to 2015 and their forecasting results are compared by using the peak load in 2016. The simulation result indicates that the proposed ARIMA-Hybrid models shows the relatively improved performance than the conventional ARIMA model.
Language
eng
URI
https://dspace.ajou.ac.kr/dev/handle/2018.oak/30466
DOI
https://doi.org/10.5370/kiee.2018.67.10.1257
Fulltext

Type
Article
Funding
This work was supported by the National Research Foundation of Korea (NRF) grant funded by the Korea government (MSIP) (No. 2017R1C1B5075493).
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Jung, Jaesung  Image
Jung, Jaesung 정재성
Department of Electrical and Computer Engineering
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