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Applicability of models based on deterministic chaos theory for forecasting of electricity sales in rural areas

Authors :
M. Trojanowska
Source :
Research in Agricultural Engineering, Vol 52, Iss 1, Pp 25-29 (2006)
Publication Year :
2006
Publisher :
Czech Academy of Agricultural Sciences, 2006.

Abstract

The applicability of models based on deterministic chaos theory, in particular the self-similar fractal models, logistic models according to Prigogine, logistic models according to Schuster, and heuristic crossing models for one-year-ahead forecasting of the sales of electric energy in the rural areas, is verified in the paper. The model quality assessment was carried out based on the errors analysis of the 10-year ex post forecasts of the electric energy sale to rural consumers by three selected distribution companies. As the electric energy consumption were disturbed by economic crises, the forecasts were developed using not only annual sales value but also using their 2-, 3-, 4- and 5-year totals. The best forecast were obtained when the electric energy sales were predicted using the Schuster and heuristic crossing models, made on the basis of four- and five-year totals of annual sales values.

Details

Language :
English
ISSN :
12129151 and 18059376
Volume :
52
Issue :
1
Database :
Directory of Open Access Journals
Journal :
Research in Agricultural Engineering
Publication Type :
Academic Journal
Accession number :
edsdoj.b1078bde0324ac08f8b63522d5dc24e
Document Type :
article
Full Text :
https://doi.org/10.17221/4876-RAE