Application of Sarima Model in Load Forecasting in Hanoi City
Many countries and researchers are interested in load forecasting due to its significance. The results of load forecasting are an indispensable basis for electricity planning and investment plan for the power system in the future. In addition, short-term load forecasting is also a mandatory require...
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| Format: | Article |
| Language: | English |
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EconJournals
2023-05-01
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| Series: | International Journal of Energy Economics and Policy |
| Subjects: | |
| Online Access: | http://www.econjournals.com/index.php/ijeep/article/view/14121 |
| _version_ | 1827943991768776704 |
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| author | Duong Trung Kien Phan Dieu Huong Nguyen Dat Minh |
| author_facet | Duong Trung Kien Phan Dieu Huong Nguyen Dat Minh |
| author_sort | Duong Trung Kien |
| collection | DOAJ |
| description |
Many countries and researchers are interested in load forecasting due to its significance. The results of load forecasting are an indispensable basis for electricity planning and investment plan for the power system in the future. In addition, short-term load forecasting is also a mandatory requirement in proactively developing business and system operation plan of units in power sector. When the SARIMA(p,d,q)(P,D,Q)S model is used for load forecasting in Hanoi, the results ensure forecast accuracy, feasibility of available data as well as the software's ease of use. SARIMA model can also be used in load forecasting in other provinces and cities in Vietnam or used for electricity forecasting. With the research sample from 2019 to 2021, the model SARIMA(0,1,6)(0.1,1)24 and (0,1,7)(0.1,1) 24 are used for short-term load forecasting in term of typical working day and day-off in Hanoi.
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| first_indexed | 2024-03-13T10:23:39Z |
| format | Article |
| id | doaj.art-3a9286c26c5643119af2bfdf2f1c2465 |
| institution | Directory Open Access Journal |
| issn | 2146-4553 |
| language | English |
| last_indexed | 2024-03-13T10:23:39Z |
| publishDate | 2023-05-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Energy Economics and Policy |
| spelling | doaj.art-3a9286c26c5643119af2bfdf2f1c24652023-05-19T14:31:45ZengEconJournalsInternational Journal of Energy Economics and Policy2146-45532023-05-0113310.32479/ijeep.14121Application of Sarima Model in Load Forecasting in Hanoi CityDuong Trung Kien0Phan Dieu Huong1Nguyen Dat Minh2Faculty of Energy and Industry Management, Electric Power University, Hanoi, Vietnam,School of Economics and Management, Hanoi University of Science and Technology, Vietnam Faculty of Energy and Industry Management, Electric Power University, Hanoi, Vietnam, Many countries and researchers are interested in load forecasting due to its significance. The results of load forecasting are an indispensable basis for electricity planning and investment plan for the power system in the future. In addition, short-term load forecasting is also a mandatory requirement in proactively developing business and system operation plan of units in power sector. When the SARIMA(p,d,q)(P,D,Q)S model is used for load forecasting in Hanoi, the results ensure forecast accuracy, feasibility of available data as well as the software's ease of use. SARIMA model can also be used in load forecasting in other provinces and cities in Vietnam or used for electricity forecasting. With the research sample from 2019 to 2021, the model SARIMA(0,1,6)(0.1,1)24 and (0,1,7)(0.1,1) 24 are used for short-term load forecasting in term of typical working day and day-off in Hanoi. http://www.econjournals.com/index.php/ijeep/article/view/14121Energy consumption, Load Forecast, model SARIMA. |
| spellingShingle | Duong Trung Kien Phan Dieu Huong Nguyen Dat Minh Application of Sarima Model in Load Forecasting in Hanoi City International Journal of Energy Economics and Policy Energy consumption, Load Forecast, model SARIMA. |
| title | Application of Sarima Model in Load Forecasting in Hanoi City |
| title_full | Application of Sarima Model in Load Forecasting in Hanoi City |
| title_fullStr | Application of Sarima Model in Load Forecasting in Hanoi City |
| title_full_unstemmed | Application of Sarima Model in Load Forecasting in Hanoi City |
| title_short | Application of Sarima Model in Load Forecasting in Hanoi City |
| title_sort | application of sarima model in load forecasting in hanoi city |
| topic | Energy consumption, Load Forecast, model SARIMA. |
| url | http://www.econjournals.com/index.php/ijeep/article/view/14121 |
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