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A Bayesian Integration of End-Use Metering and Conditional-Demand Analysis

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Author Info
Hsiao, Cheng
Mountain, Dean C
Illman, Kathleen Ho

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Abstract

Traditional methods of estimating kilowatt end uses load profiles may face very serious multicollinearity issues. In this article, a Bayesian framework is proposed to combine end uses monitoring information with the aggregate-load/appliance data to allow load researchers to derive more accurate load shapes. Two variants are suggested: the first one uses the raw end-use metered data to construct the prior means and variances; the second method uses actual end-use data to construct the priors of the parameters characterizing the behavior of end uses of specific appliances. From a prediction perspective, the Bayesian methods consistently outperform the predictions generated from conventional conditional-demand formulation.

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Publisher Info
Article provided by American Statistical Association in its journal Journal of Business and Economic Statistics.

Volume (Year): 13 (1995)
Issue (Month): 3 (July)
Pages: 315-26
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Handle: RePEc:bes:jnlbes:v:13:y:1995:i:3:p:315-26

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  1. Bodil M. Larsen and Runa Nesbakken, 2003. "How to quantify household electricity end-use consumption," Discussion Papers 346, Research Department of Statistics Norway. [Downloadable!]
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