6533b832fe1ef96bd129a49e

RESEARCH PRODUCT

Electricity consumption prediction with functional linear regression using spline estimators

Jaromír AntochLuboš PrchalPascal SardaMaria Rosaria De Rosa

subject

Statistics and Probabilitybusiness.industryB-splineEstimatorelectricity consumption in SardiniaSpline (mathematics)functional linear regressionfunctional responseB-splineARH(1)StatisticsEconometricspenalized least squareElectricityStatistics Probability and UncertaintybusinessFunctional linear regressionMathematics

description

A functional linear regression model linking observations of a functional response variable with measurements of an explanatory functional variable is considered. This model serves to analyse a real data set describing electricity consumption in Sardinia. The interest lies in predicting either oncoming weekends’ or oncoming weekdays’ consumption, provided actual weekdays’ consumption is known. A B-spline estimator of the functional parameter is used. Selected computational issues are addressed as well.

https://doi.org/10.1080/02664760903214395