Adaptive Time Series Forecasting of Energy Consumption Using Optimized Cluster Analysis

The paper presents an improvement of incremental adaptive power load forecasting methods by performing cluster analysis prior to forecasts. For clustering the centroid based method K-means, with K-means++ centroids initialization, was used. Ten various forecasting methods were compared in order to find the most suitable ones to combine with clustering. The used data set comes from Ireland, where half-hourly measurements of electricity...