Electricity Consumption Forecasting in Algeria using ARIMA and Long Short-Term Memory Neural Network

Abdelkader Sahed and Hacene Kahoui
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Abdelkader Sahed: University Centre of Maghnia (Algeria)
Hacene Kahoui: hacenkahwi@gmail.com

IJEP, 2023, vol. 6, issue 1, Pages : 78-88

Abstract: Forecasting electricity consumption is necessary for electric grid operation and utility resource planning, as well as to improve energy security and grid resilience. Thus, this research aims to investigate the prediction performance of the ARIMA and LSTM neural network model using electricity consumption data during the period 1990 to 2020. The time series for electricity consumption is divided into 70% for training data and 30% for test data. The results showed that the LSTM model provided improved forecasting accuracy than the ARIMA model.

Keywords: Electricity Consumption; ARIMA; LSTM; Algeria (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:bjm:ijep00:v:6:y:2023:i:1:id:45

DOI: 10.54241/2065-006-001-005

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