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  • Time Series Forecasting Asgn-1

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    anik ghosh
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    Given hourly electricity consumption data over past years, the document instructs to forecast consumption for the next month using moving average, weighted moving average, exponential smoothing, ARMA, ARIMA, SARIMA, random forest regression, and XGBoost models. Codes applying these time series forecasting methods should be provided along with plots and a chosen error metric to evaluate prediction accuracy.

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    Time Series Forecasting Asgn-1 (1)

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    Given hourly electricity consumption data over past years, the document instructs to forecast consumption for the next month using moving average, weighted moving average, exponential smoothing, ARMA, ARIMA, SARIMA, random forest regression, and XGBoost models. Codes applying these time series forecasting methods should be provided along with plots and a chosen error metric to evaluate prediction accuracy.

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    7 views1 page

    Time Series Forecasting Asgn-1

    Uploaded by

    anik ghosh
    Given hourly electricity consumption data over past years, the document instructs to forecast consumption for the next month using moving average, weighted moving average, exponential smoothing, ARMA, ARIMA, SARIMA, random forest regression, and XGBoost models. Codes applying these time series forecasting methods should be provided along with plots and a chosen error metric to evaluate prediction accuracy.

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    of 1

    Time Series Forecasting

    Given the data for hourly consumption of electricity for a past few years, you need to forecast
    the consumption for the next month from the latest month data available. Apply the following
    methods for prediction of the electricity consumption. Plot your results appropriately. Present
    the metric of your choice for measuring the error in prediction. (Write the python codes and
    provide screenshots showing the clear codes)
    1. Moving Average
    2. Weighted Moving Average (with appropriate weight selection)
    3. Exponential Smoothing (with alpha=0.2, and alpha 0.7)
    4. ARMA (2,2)
    5. ARIMA (using Python PMDARIMA Library)
    6. SARIMA (for seasonality component =12)
    7. Random Forest regression
    8. XGBoost

    Note: You can refer to “Supply Chain Analytics” Book by Kurt Liu.

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