A Bayesian Integration of End-Use Metering and Conditional-Demand Analysis

Cheng Hsiao, Dean Mountain () and Kathleen Ho Illman

Journal of Business & Economic Statistics, 1995, vol. 13, issue 3, 315-26

Abstract: Traditional methods of estimating kilowatt end uses load profiles may face very serious multicollinearity issues. In this article, a Bayesian framework is proposed to combine end uses monitoring information with the aggregate-load/appliance data to allow load researchers to derive more accurate load shapes. Two variants are suggested: the first one uses the raw end-use metered data to construct the prior means and variances; the second method uses actual end-use data to construct the priors of the parameters characterizing the behavior of end uses of specific appliances. From a prediction perspective, the Bayesian methods consistently outperform the predictions generated from conventional conditional-demand formulation.

Date: 1995
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Working Paper: A Bayesian Integration of End-Use Metering and Conditional Demand Analysis (1994)
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