Modeling special-day effects for forecasting intraday electricity demand
We model special-day effects to predict hourly electricity demand in Korea. The regression model with hourly special day effect and the double SARMA error is suggested. The hourly special-day effects are more important than the daily ones. The suggested model is effective during both the special-day prediction and the non-special-day prediction.
special-day effect forecasting intraday electricity demand double sarma model