Title
Statistical and Artificial Neural Networks Models for Electricity Consumption Forecasting in the Brazilian Industrial Sector
Date Issued
01 January 2022
Access level
open access
Resource Type
journal article
Author(s)
Publisher(s)
MDPI
Abstract
Forecasting the industry’s electricity consumption is essential for energy planning in a given country or region. Thus, this study aims to apply time-series forecasting models (statistical approach and artificial neural network approach) to the industrial electricity consumption in the Brazilian system. For the statistical approach, the Holt–Winters, SARIMA, Dynamic Linear Model, and TBATS (Trigonometric Box–Cox transform, ARMA errors, Trend, and Seasonal components) models were considered. For the approach of artificial neural networks, the NNAR (neural network autoregression) and MLP (multilayer perceptron) models were considered. The results indicate that the MLP model was the one that obtained the best forecasting performance for the electricity consumption of the Brazilian industry under analysis.
Volume
15
Issue
2
Language
English
OCDE Knowledge area
Ingeniería eléctrica, Ingeniería electrónica
Ingeniería del Petróleo, (combustibles, aceites), Energía, Combustibles
Subjects
Scopus EID
2-s2.0-85122977516
Source
Energies
ISSN of the container
19961073
Sponsor(s)
Acknowledgments: Kleyton da Costa acknowledges financial support from the Brazilian National Council for Scientific and Technological Development (CNPq) grant Programa Institucional de Bolsas de Iniciação Científica (PIBIC). Javier Linkolk López-Gonzales acknowledges financial support from the ANID scholarship.
Sources of information:
Directorio de Producción Científica
Scopus