Evaluating prediction models for electricity consumption

Abstract

This paper presents a system for visualizing electricity consumptiondata along with the implementation of a pattern recognition approach for peakprediction. Various classification algorithms and machine learning techniques aretested and discussed; in particular, Support Vector Machine (SVM), GaussianMixture Model (GMM) and hierarchical classifiers. Most notably, the bestalgorithms are able to detect 70% of the peaks occurring within the next 24 hours.Also, various ways of correlating energy consumption are considered in the presentcontext. Finally, a few directions for future work are discussed

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