Forecasting electricity consumption using SARIMA method in IBM SPSS software

Forecasting is a prediction of future values based on historical data. It can be conducted using various methods such as statistical methods or machine learning techniques. Electricity is a necessity of modern life. Hence, accurate forecasting of electricity demand is important. Overestimation will...

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Main Authors: Sze, En Sim, Kim, Gaik Tay, Huong, Audrey, Wei, King Tiong
Format: Article
Language:English
Published: HRPub 2019
Subjects:
Online Access:http://eprints.uthm.edu.my/606/
http://eprints.uthm.edu.my/606/1/DNJ9641_67e9a2d2c72cca3bad73e06e8e2d4918.pdf
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author Sze, En Sim
Kim, Gaik Tay
Huong, Audrey
Wei, King Tiong
author_facet Sze, En Sim
Kim, Gaik Tay
Huong, Audrey
Wei, King Tiong
author_sort Sze, En Sim
building UTHM Institutional Repository
collection Online Access
description Forecasting is a prediction of future values based on historical data. It can be conducted using various methods such as statistical methods or machine learning techniques. Electricity is a necessity of modern life. Hence, accurate forecasting of electricity demand is important. Overestimation will cause a waste of energy but underestimation leads to higher operation costs. Univesity Tun Hussein Onn Malaysia (UTHM) is a developing Malaysian technical university, therefore there is a need to forecast UTHM electricity consumption for future decisions on generating electric power, load switching, and infrastructure development. The monthly UTHM electricity consumption data exhibits seasonality-periodic fluctuations. Thus, the seasonal Autoregressive Integrated Moving Average (SARIMA) method was applied in IBM SPSS software to predict UTHM electricity consumption for 2019 via Box-Jenkins method and Expert Modeler. There were a total of 120 observations taken from January year 2009 to December year 2018 to build the models. The best model from both methods is SARIMA(0, 1, 1)(0, 1, 1)12. It was found that the result through the Box-Jenkins method is approximately the same with the result generated through Expert Modeler in SPSS with MAPE of 8.4%.
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spelling uthm-6062021-08-11T03:51:08Z http://eprints.uthm.edu.my/606/ Forecasting electricity consumption using SARIMA method in IBM SPSS software Sze, En Sim Kim, Gaik Tay Huong, Audrey Wei, King Tiong TK3001-3521 Distribution or transmission of electric power Forecasting is a prediction of future values based on historical data. It can be conducted using various methods such as statistical methods or machine learning techniques. Electricity is a necessity of modern life. Hence, accurate forecasting of electricity demand is important. Overestimation will cause a waste of energy but underestimation leads to higher operation costs. Univesity Tun Hussein Onn Malaysia (UTHM) is a developing Malaysian technical university, therefore there is a need to forecast UTHM electricity consumption for future decisions on generating electric power, load switching, and infrastructure development. The monthly UTHM electricity consumption data exhibits seasonality-periodic fluctuations. Thus, the seasonal Autoregressive Integrated Moving Average (SARIMA) method was applied in IBM SPSS software to predict UTHM electricity consumption for 2019 via Box-Jenkins method and Expert Modeler. There were a total of 120 observations taken from January year 2009 to December year 2018 to build the models. The best model from both methods is SARIMA(0, 1, 1)(0, 1, 1)12. It was found that the result through the Box-Jenkins method is approximately the same with the result generated through Expert Modeler in SPSS with MAPE of 8.4%. HRPub 2019 Article PeerReviewed text en http://eprints.uthm.edu.my/606/1/DNJ9641_67e9a2d2c72cca3bad73e06e8e2d4918.pdf Sze, En Sim and Kim, Gaik Tay and Huong, Audrey and Wei, King Tiong (2019) Forecasting electricity consumption using SARIMA method in IBM SPSS software. Universal Journal of Electrical and Electronic Engineering, 6 (5B). pp. 103-114. https://doi.org/10.13189/ujeee.2019.061614
spellingShingle TK3001-3521 Distribution or transmission of electric power
Sze, En Sim
Kim, Gaik Tay
Huong, Audrey
Wei, King Tiong
Forecasting electricity consumption using SARIMA method in IBM SPSS software
title Forecasting electricity consumption using SARIMA method in IBM SPSS software
title_full Forecasting electricity consumption using SARIMA method in IBM SPSS software
title_fullStr Forecasting electricity consumption using SARIMA method in IBM SPSS software
title_full_unstemmed Forecasting electricity consumption using SARIMA method in IBM SPSS software
title_short Forecasting electricity consumption using SARIMA method in IBM SPSS software
title_sort forecasting electricity consumption using sarima method in ibm spss software
topic TK3001-3521 Distribution or transmission of electric power
url http://eprints.uthm.edu.my/606/
http://eprints.uthm.edu.my/606/
http://eprints.uthm.edu.my/606/1/DNJ9641_67e9a2d2c72cca3bad73e06e8e2d4918.pdf