Forecasting electric loads with multiple predictors
Derek W. Bunn
Energy, 1985, vol. 10, issue 6, 727-732
Abstract:
The simultaneous use of several forecasting models is becoming increasingly common in electric load prediction. We discuss some of the concepts and methods involved in this approach, present a form of taxonomy and evaluate counterarguments. Ultimately, a pragmatic justification for the approach is adopted, recognising its surrogate nature for either more comprehensive model-building or identification. Overall, we seek to develop a critical perspective on applications of this approach in the electric power industry.
Date: 1985
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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:10:y:1985:i:6:p:727-732
DOI: 10.1016/0360-5442(85)90105-7
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