Forecasting Electricity Consumption By Using Holt-winters And Seasonal Regression Models Cover Image

Prognoziranje potrošnje električne energije korišćenjem Holt-Winters i sezonskog regresionog modela
Forecasting Electricity Consumption By Using Holt-winters And Seasonal Regression Models

Author(s): Marija Anđelković Pešić, Vinko Lepojević
Subject(s): Economy
Published by: Универзитет у Нишу
Keywords: Time series; Holt-Winters method; seasonal regression models; electricity consummation

Summary/Abstract: Electricity is a key energy source in each country and an important condition for economic development. Reliable forecast of energy consumption represents a starting point in policy development and improvement of production and distribution facilities. The paper predicts the electricity consumption in the area covered by Elektroistok Ltd Nis during the period November 2011 - October 2012. For the purposes of these forecasts, Holt-Winters method and appropriate seasonal regression models were used.

  • Issue Year: 2011
  • Issue No: 4
  • Page Range: 421-431
  • Page Count: 11
  • Language: English
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