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Full-Text Articles in Physical Sciences and Mathematics
Energy Forecasting For Event Venues: Big Data And Prediction Accuracy, Katarina Grolinger, Alexandra L'Heureux, Miriam Am Capretz, Luke Seewald
Energy Forecasting For Event Venues: Big Data And Prediction Accuracy, Katarina Grolinger, Alexandra L'Heureux, Miriam Am Capretz, Luke Seewald
Electrical and Computer Engineering Publications
Advances in sensor technologies and the proliferation of smart meters have resulted in an explosion of energy-related data sets. These Big Data have created opportunities for development of new energy services and a promise of better energy management and conservation. Sensor-based energy forecasting has been researched in the context of office buildings, schools, and residential buildings. This paper investigates sensor-based forecasting in the context of event-organizing venues, which present an especially difficult scenario due to large variations in consumption caused by the hosted events. Moreover, the significance of the data set size, specifically the impact of temporal granularity, on energy …
Energy Cost Forecasting For Event Venues, Katarina Grolinger, Andrea Zagar, Miriam Am Capretz, Luke Seewald
Energy Cost Forecasting For Event Venues, Katarina Grolinger, Andrea Zagar, Miriam Am Capretz, Luke Seewald
Electrical and Computer Engineering Publications
Electricity price, consumption, and demand forecasting has been a topic of research interest for a long time. The proliferation of smart meters has created new opportunities in energy prediction. This paper investigates energy cost forecasting in the context of entertainment event-organizing venues, which poses significant difficulty due to fluctuations in energy demand and wholesale electricity prices. The objective is to predict the overall cost of energy consumed during an entertainment event. Predictions are carried out separately for each event category and feature selection is used to select the most effective combination of event attributes for each category. Three machine learning …