학술논문

Effect of the Training Data Quantity on the Day-ahead Load Forecasting Performance in the Industrial Sector
Document Type
Conference
Source
2023 IEEE International Conference on Industrial Engineering and Engineering Management (IEEM) Industrial Engineering and Engineering Management (IEEM), 2023 IEEE International Conference on. :1426-1430 Dec, 2023
Subject
Aerospace
Communication, Networking and Broadcast Technologies
Components, Circuits, Devices and Systems
Computing and Processing
Engineering Profession
General Topics for Engineers
Power, Energy and Industry Applications
Robotics and Control Systems
Transportation
Load forecasting
Weather forecasting
Companies
Predictive models
Data models
Regression tree analysis
Load modeling
short-term load forecasting
training set size
industrial sector
Language
Abstract
Load forecasts are becoming increasingly important in an increasingly digitalized world, even for smaller companies, for energy procurement or operational optimization. At the same time, it is unclear how much historical data is required to calculate a sufficiently good forecast. To answer this question, this work investigates the impact of training set size (historical load, weather, and calendar information) on the predictive performance of a day-ahead load forecast in the industrial context. For this purpose, a use case study on the data of seven companies from the manufacturing sector using six model classes was conducted. The results suggest that a forecast can produce meaningful results on 18 months of data whereas a period of less than six months yields results of high variance. For six out of seven companies, the best model trained on historical data less than or equal to one year was at most 1.5% (MAPE) worse than the overall best model.