Keep it simple, keep it linear: A linear regression model for time series

By Medium - 2021-01-31

Description

Electricity demand forecasting is vital for any organization that operates and/or is impacted by the electricity market. Electricity storage technologies have not caught up to accommodate the current…

Summary

  • Keep it simple, keep it linear: Since we are dealing with hourly data and the variation in temperature is not significant within a couple of hours, we can fill in the missing data with its value from the previous hour.
  • Temperature vs Demand for the five categories of hour of the day The temperature vs demand scatter plot is shown above.
  • The latter models also consume a lot of time to tune the hyperparamters.

 

Topics

  1. Machine_Learning (0.17)
  2. Backend (0.11)
  3. NLP (0.09)

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