Bibliographic Details
| Title: |
A hybrid economic indices based short-term load forecasting system. |
| Authors: |
Lin, Cheng-Ting1, Chou, Li-Der1 cld@csie.ncu.edu.tw, Chen, Yi-Ming2, Tseng, Li-Ming1 |
| Source: |
International Journal of Electrical Power & Energy Systems. Jan2014, Vol. 54, p293-305. 13p. |
| Subjects: |
Economic indicators, Electricity, Electric power, Economic forecasting, Performance evaluation, Recessions |
| Abstract: |
Highlights: [•] We propose business indicator and stock index combined load forecasting model. [•] Taiwan island-wide hourly load demands from 2008 to 2011 are used as a case study. [•] Leading index based business indicators have better load forecasting performance. [•] The forecasting accuracy is improved by 30.39% in the economic recession period. [ABSTRACT FROM AUTHOR] |
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| Database: |
Engineering Source |