2019 16th International Conference on the European Energy Market (EEM) 2019
DOI: 10.1109/eem.2019.8916406
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A Review of the Main Machine Learning Methods for Predicting Residential Energy Consumption

Abstract: The ability to predict future energy consumption is very important for energy distribution companies because it allows them to estimate energy needs and supply them accordingly. Consumption prediction makes it possible for those companies to optimize their processes by, for example, providing them with knowledge about future periods of high energy demand or by enabling them to adapt their tariffs to customer consumption. Machine Learning techniques allow to predict future energy consumption on the basis of the… Show more

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Cited by 19 publications
(4 citation statements)
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“…C) Direct down. The areas to which these techniques can be applied are diverse, ranging from energy optimization and industry 4.0 processes to education and medical care [9], [6], [22], [10]. Data analysis in the dental sector has been a common practice for decades and it has been used to treat different diseases, and dental and mouth-related problems [28], as well as other general problems [19].…”
Section: Biological Backgroundmentioning
confidence: 99%
“…C) Direct down. The areas to which these techniques can be applied are diverse, ranging from energy optimization and industry 4.0 processes to education and medical care [9], [6], [22], [10]. Data analysis in the dental sector has been a common practice for decades and it has been used to treat different diseases, and dental and mouth-related problems [28], as well as other general problems [19].…”
Section: Biological Backgroundmentioning
confidence: 99%
“…SGD regression selects only one random training sample at a time to evaluate gradients. Then it calculates the gradient for the cluster it chooses [17]. With this technique, it works much faster than the gradient descent algorithm in large data sets [18].…”
Section: Stochastic Gradient Descent (Sgd) Regressionmentioning
confidence: 99%
“…In the XGBoost algorithm, the information gain of the objective function after each split is obtained as in Equation (17).…”
Section: Extreme Gradient Boosting Regression (Xgboost)mentioning
confidence: 99%
“…There are a number of techniques for predicting and estimating future values. In the field of energy optimization they have been used to calculate the energy demand of buildings or homes [28]. In this paper, prediction will be used to validate whether the decisions of intelligent temperature adjustment algorithms produce the desired results (reduced energy consumption).…”
Section: Energy Consumption Predictionmentioning
confidence: 99%