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This paper introduces electricity load curve models for short‐term forecasting purposes. A broad class of multivariate dynamic regression models is proposed to model hourly electricity load. Alternative forecasting models, special cases of our general model, include separate time series...
We propose a model of the daily load curve for residential electricity usage, including in particular the effects of dynamic price incentives on the demand response, a topic of considerable interest in the emerging Smart Grid. The model is based on a time series and stochastic regression...
In the past, studies in short‐term electrical load forecasting have been rather sceptical on the use of meteorological covariates like temperature for short‐term forecasting purposes. The main reasons were time delays in data provision and the poor precision of meteorological forecasts. Both...
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