Electricity Load Forecasting Using Auto-Regressive and Artificial Neural Network Model

Abstract

In this paper a short review of two forecasting models Autoregressive and Artificial neural network is presented. Both models were used to demonstrate its superior performance in load forecasting issues. In the third section the results of load forecasting experiment are given. For obtained forecasted results mean absolute percentage error for autoregressive model was 0.644 % and for artificial neural network model 2.31 %. In this paper error distribution for both models is also shown.