Browse
Submit Data
Databases
API
Help

Dataset Information

21 Views

0 Connections

0 Citations

0 Reanalyses

0 Downloads

Omics score: 0

Methodology for forecasting electricity consumption by Grey and Vector autoregressive models.

ABSTRACT: Forecasting energy demand in general, and electricity demand in particular, requires the developing reliable forecasting tools that can be used to monitor the evolution of consumers' energy needs more accurately. The proposed new hybrid GM(1,1)-VAR(1) model is meant for that purpose. The latter is based on the Grey and Vector autoregressive approaches, and makes it possible to predict future demand, by taking into account economic and demographic determinants with an exponential growth trend. With an associated APE of 1.5, a MAPE of 1.628%, and an RMSE of 15.42, this new model thus presents better accuracy indicators than hybrid models of the same nature. Also, it proves to be as accurate as some recent hybrid artificial intelligence models. The model is thus a reliable forecasting tool that can be used to monitor the evolution of energy demand.•The Grey and Vector autoregressive models are coupled to improve their accuracy.•Five economic and demographic parameters are included in the new hybrid model.•This new model is a reliable forecasting tool for assessing energy demand.

SUBMITTER: Guefano S

PROVIDER: S-EPMC8374266 | biostudies-literature |

REPOSITORIES: biostudies-literature

ACCESS DATA

Json Xml

Similar Datasets

Regularized Joint Estimation of Related Vector Autoregressive Models.

Project description:In a number of applications, one has access to high-dimensional time series data on several related subjects. A motivating application area comes from the neuroimaging field, such as brain fMRI time series data, obtained from various groups of subjects (cases/controls) with a specific neurological disorder. The problem of regularized joint estimation of multiple related Vector Autoregressive (VAR) models is discussed, leveraging a group lasso penalty in addition to a regular lasso one, so as to increase statistical efficiency of the estimates by borrowing strength across the models. A modeling framework is developed that it allows for both group-level and subject-specific effects for related subjects, using a group lasso penalty to estimate the former. An estimation procedure is introduced, whose performance is illustrated on synthetic data and compared to other state-of-the-art methods. Moreover, the proposed approach is employed for the analysis of resting state fMRI data. In particular, a group-level descriptive analysis is conducted for brain inter-regional temporal effects of Attention Deficit Hyperactive Disorder (ADHD) patients as opposed to controls, with the data available from the ADHD-200 Global Competition repository.

| S-EPMC7079674 | biostudies-literature

Combining shrinkage and sparsity in conjugate vector autoregressive models.

Project description:Conjugate priors allow for fast inference in large dimensional vector autoregressive (VAR) models. But at the same time, they introduce the restriction that each equation features the same set of explanatory variables. This paper proposes a straightforward means of postprocessing posterior estimates of a conjugate Bayesian VAR to effectively perform equation-specific covariate selection. Compared with existing techniques using shrinkage alone, our approach combines shrinkage and sparsity in both the VAR coefficients and the error variance-covariance matrices, greatly reducing estimation uncertainty in large dimensions while maintaining computational tractability. We illustrate our approach by means of two applications. The first application uses synthetic data to investigate the properties of the model across different data-generating processes, and the second application analyzes the predictive gains from sparsification in a forecasting exercise for U.S. data.

| S-EPMC8048898 | biostudies-literature

High-Dimensional Posterior Consistency in Bayesian Vector Autoregressive Models.

Project description:Vector autoregressive (VAR) models aim to capture linear temporal interdependencies amongst multiple time series. They have been widely used in macroeconomics and financial econometrics and more recently have found novel applications in functional genomics and neuroscience. These applications have also accentuated the need to investigate the behavior of the VAR model in a high-dimensional regime, which provides novel insights into the role of temporal dependence for regularized estimates of the model's parameters. However, hardly anything is known regarding properties of the posterior distribution for Bayesian VAR models in such regimes. In this work, we consider a VAR model with two prior choices for the autoregressive coefficient matrix: a non-hierarchical matrix-normal prior and a hierarchical prior, which corresponds to an arbitrary scale mixture of normals. We establish posterior consistency for both these priors under standard regularity assumptions, when the dimension p of the VAR model grows with the sample size n (but still remains smaller than n). A special case corresponds to a shrinkage prior that introduces (group) sparsity in the columns of the model coefficient matrices. The performance of the model estimates are illustrated on synthetic and real macroeconomic data sets.

| S-EPMC6716151 | biostudies-literature

Data supporting the improvement of forecasting and control of electricity consumption in hotels.

Project description:Improving and managing the electricity efficiency in hotel facilities is essential to reduce the hotel operation costs and its environmental impacts. The data presented shows the evolution of the electricity consumption and management between 2013 and 2015 in two hotel facilities in Cuba (one beach hotel and one city hotel). The data additionally includes the daily measures used to develop control tools for an energy management system. The data presented in the article relates to the research study: Tools to improve forecasting and control of the electricity consumption in hotels Cabello et al., 2016, and it corresponds to the energy audits developed in one beach hotel (Hotel A) and one city hotel (Hotel B) in Cuba.

| S-EPMC6598834 | biostudies-literature

Bayesian hierarchical vector autoregressive models for patient-level predictive modeling.

Project description:Predicting health outcomes from longitudinal health histories is of central importance to healthcare. Observational healthcare databases such as patient diary databases provide a rich resource for patient-level predictive modeling. In this paper, we propose a Bayesian hierarchical vector autoregressive (VAR) model to predict medical and psychological conditions using multivariate time series data. Compared to the existing patient-specific predictive VAR models, our model demonstrated higher accuracy in predicting future observations in terms of both point and interval estimates due to the pooling effect of the hierarchical model specification. In addition, by adopting an elastic-net prior, our model offers greater interpretability about the associations between variables of interest on both the population level and the patient level, as well as between-patient heterogeneity. We apply the model to two examples: 1) predicting substance use craving, negative affect and tobacco use among college students, and 2) predicting functional somatic symptoms and psychological discomforts.

| S-EPMC6294362 | biostudies-literature

Clustering Vector Autoregressive Models: Capturing Qualitative Differences in Within-Person Dynamics.

Project description:In psychology, studying multivariate dynamical processes within a person is gaining ground. An increasingly often used method is vector autoregressive (VAR) modeling, in which each variable is regressed on all variables (including itself) at the previous time points. This approach reveals the temporal dynamics of a system of related variables across time. A follow-up question is how to analyze data of multiple persons in order to grasp similarities and individual differences in within-person dynamics. We focus on the case where these differences are qualitative in nature, implying that subgroups of persons can be identified. We present a method that clusters persons according to their VAR regression weights, and simultaneously fits a shared VAR model to all persons within a cluster. The performance of the algorithm is evaluated in a simulation study. Moreover, the method is illustrated by applying it to multivariate time series data on depression-related symptoms of young women.

| S-EPMC5054011 | biostudies-literature

Dengue forecasting in Sao Paulo city with generalized additive models, artificial neural networks and seasonal autoregressive integrated moving average models.

Project description:Globally, the number of dengue cases has been on the increase since 1990 and this trend has also been found in Brazil and its most populated city-São Paulo. Surveillance systems based on predictions allow for timely decision making processes, and in turn, timely and efficient interventions to reduce the burden of the disease. We conducted a comparative study of dengue predictions in São Paulo city to test the performance of trained seasonal autoregressive integrated moving average models, generalized additive models and artificial neural networks. We also used a naïve model as a benchmark. A generalized additive model with lags of the number of cases and meteorological variables had the best performance, predicted epidemics of unprecedented magnitude and its performance was 3.16 times higher than the benchmark and 1.47 higher that the next best performing model. The predictive models captured the seasonal patterns but differed in their capacity to anticipate large epidemics and all outperformed the benchmark. In addition to be able to predict epidemics of unprecedented magnitude, the best model had computational advantages, since its training and tuning was straightforward and required seconds or at most few minutes. These are desired characteristics to provide timely results for decision makers. However, it should be noted that predictions are made just one month ahead and this is a limitation that future studies could try to reduce.

| S-EPMC5880372 | biostudies-literature

Identifiability and estimation of structural vector autoregressive models for subsampled and mixed-frequency time series.

Project description:Causal inference in multivariate time series is challenging because the sampling rate may not be as fast as the time scale of the causal interactions, so the observed series is a subsampled version of the desired series. Furthermore, series may be observed at different sampling rates, yielding mixed-frequency series. To determine instantaneous and lagged effects between series at the causal scale, we take a model-based approach that relies on structural vector autoregressive models. We present a unifying framework for parameter identifiability and estimation under subsampling and mixed frequencies when the noise, or shocks, is non-Gaussian. By studying the structural case, we develop identifiability and estimation methods for the causal structure of lagged and instantaneous effects at the desired time scale. We further derive an exact expectation-maximization algorithm for inference in both subsampled and mixed-frequency settings. We validate our approach in simulated scenarios and on a climate and an econometric dataset.

| S-EPMC6508036 | biostudies-literature

Forecasting of Milk Production in Northern Thailand Using Seasonal Autoregressive Integrated Moving Average, Error Trend Seasonality, and Hybrid Models.

Project description:Milk production in Thailand has increased rapidly, though excess milk supply is one of the major concerns. Forecasting can reveal the important information that can support authorities and stakeholders to establish a plan to compromise the oversupply of milk. The aim of this study was to forecast milk production in the northern region of Thailand using time-series forecast methods. A single-technique model, including seasonal autoregressive integrated moving average (SARIMA) and error trend seasonality (ETS), and a hybrid model of SARIMA-ETS were applied to milk production data to develop forecast models. The performance of the models developed was compared using several error matrices. Results showed that milk production was forecasted to raise by 3.2 to 3.6% annually. The SARIMA-ETS hybrid model had the highest forecast performances compared with other models, and the ETS outperformed the SARIMA in predictive ability. Furthermore, the forecast models highlighted a continuously increasing trend with evidence of a seasonal fluctuation for future milk production. The results from this study emphasizes the need for an effective plan and strategy to manage milk production to alleviate a possible oversupply. Policymakers and stakeholders can use our forecasts to develop short- and long-term strategies for managing milk production.

| S-EPMC8669476 | biostudies-literature

Forecasting annual incidence and mortality rate for prostate cancer in Australia until 2022 using autoregressive integrated moving average (ARIMA) models.

Project description:ObjectivesProstate cancer is the second most common cause of cancer-related death in males after lung cancer, imposing a significant burden on the healthcare system in Australia. We propose the use of autoregressive integrated moving average (ARIMA) models in conjunction with population forecasts to provide for robust annual projections of prostate cancer.DesignData on the incidence and mortality from prostate cancer was obtained from the Australian Institute of Health and Welfare. We formulated several ARIMA models with different autocorrelation terms and chose one which provided for an accurate fit of the data based on the mean absolute percentage error (MAPE). We also assessed the model for external validity. A similar process was used to model age-standardised incidence and mortality rate for prostate cancer in Australia during the same time period.ResultsThe annual number of prostate cancer cases diagnosed in Australia increased from 3606 in 1982 to 20?065 in 2012. There were two peaks observed around 1994 and 2009. Among the various models evaluated, we found that the model with an autoregressive term of 1 (coefficient=0.45, p=0.028) as well as differencing the series provided the best fit, with a MAPE of 5.2%. External validation showed a good MAPE of 5.8% as well. We project prostate cancer incident cases in 2022 to rise to 25?283 cases (95%?CI: 23?233 to 27 333).ConclusionOur study has accurately characterised the trend of prostate cancer incidence and mortality in Australia, and this information will prove useful for resource planning and manpower allocation.

| S-EPMC6707661 | biostudies-literature

OmicsDI is part of the ELIXIR infrastructure

OmicsDI is an Elixir interoperability service. Learn more ›

Tweets

OmicsDI Databases

PRIDE
PeptideAtlas
MassIVE
JPOST Repository
Physiome Model Repository

EGA
EVA
ENA
LINCS
PAXDB
Cell Collective

MetaboLights
Metabolomics Workbench
MetabolomeExpress
GNPS
BioModels
FAIRDOMHub

ArrayExpress
dbGaP
ExpressionAtlas
GEO
NODE

Information

Databases
Help
API
Contact us
Code on GitHub
Terms of use
Submit Data