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Modeling Daily Power Demand In Southern Kentucky: A Single Household Approach, Craig M. Dickson
Modeling Daily Power Demand In Southern Kentucky: A Single Household Approach, Craig M. Dickson
Masters Theses & Specialist Projects
In this study, we use a nonparametric technique, locally weighted robust least squares regression (LOESS), to forecast a 24 hour demand profile at the household level and compare it to existing aggregate demand models discussed in literature. Of these aggregate demand models, a quadratic autoregressive model was selected to be used as a basis for comparison with the LOESS forecasts. It was our goal to automate the forecasting process by using the goodness of fit metric, AICCI, for smoothing parameter selection. The statistical workflow was executed using SAS and data was provided by the Glasgow Electric Plant Board of Barren …