FORECASTING ENERGY DEMAND (ENEO)

September 12, 2018
My tasks consisted of forecasting energy demand.In fact, I have realized a model that enables energy consumption prediction based on history
Demand forecasting is a major problem in a number of areas, including energy, retail, services, and so on. An accurate forecast of demand helps companies better plan their production, allocate resources, and make other important business decisions. In the energy sector, demand forecasting is essential for reducing energy storage costs and balancing supply and demand. As electricity, for example, can not currently be stored in large quantities, supply and demand must always be matched or balanced by system operators. Precise forecasting of energy demand plays a key role in this regard. Therefore, one of the objectives of this project is to forecast energy consumption from the history of energy demand. This concept known by the data analysis that has invaded the world today.