arXiv · 1902.00097
Ensembling methods for countrywide short term forecasting of gas demand
Abstract
Gas demand is made of three components: Residential, Industrial, and Thermoelectric Gas Demand. Herein, the one-day-ahead prediction of each component is studied, using Italian data as a case study. Statistical properties and relationships with temperature are discussed, as a preliminary step for an effective feature selection. Nine "base forecasters" are implemented and compared: Ridge Regression, Gaussian Processes, Nearest Neighbours, Artificial Neural Networks, Torus Model, LASSO, Elastic Net, Random Forest, and Support Vector Regression (SVR). Based on them, four ensemble predictors are crafted: simple average, weighted average, subset average, and SVR aggregation. We found that ensemble predictors perform consistently better than base ones. Moreover, our models outperformed Transmission System Operator (TSO) predictions in a two-year out-of-sample validation. Such results suggest that combining predictors may lead to significant performance improvements in gas demand forecasting.
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Emanuele Fabbiani, Andrea Marziali, Giuseppe De Nicolao. 2019-01-31. Ensembling methods for countrywide short term forecasting of gas demand. https://doi.org/10.1504/ijogct.2021.10035077
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