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Forecasting natural gas consumption with multiple seasonal patterns

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  • Ding, Jia
  • Zhao, Yuxuan
  • Jin, Junyang

Abstract

Natural gas is vital in the world’s energy portfolio and is widely applied to power generation, urban heating, and manufacturing. Forecasting natural gas consumption with high accuracy is thus crucial in order to maintain a reliable supply for various applications. The demand for natural gas often exhibits different seasonal patterns regarding customers of different characteristics. The precision of forecasters will be vulnerably affected without carefully exploring the periodicity of usage. This paper proposes a novel method, Dual Convolution with Seasonal Decomposition Network, for natural gas consumption forecasting. The proposed method applies multiple seasonal-trend decomposition to separate time series into periodic patterns and residual components. In addition, local and global convolution are combined to predict series with significant fluctuations and poor periodicity. Simulations show that on city-level forecasting, the proposed method outperforms state-of-the-art methods in terms of overall prediction accuracy and variation sensitivity regardless of different time intervals. The performance of the method is robust to the forecasting horizon. The method can be deployed in practical circumstances to forecast the natural gas consumption of residential quarters, cities, or even countries in different time spans.

Suggested Citation

  • Ding, Jia & Zhao, Yuxuan & Jin, Junyang, 2023. "Forecasting natural gas consumption with multiple seasonal patterns," Applied Energy, Elsevier, vol. 337(C).
    • Handle: RePEc:eee:appene:v:337:y:2023:i:c:s0306261923002751
    DOI: 10.1016/j.apenergy.2023.120911
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    4. Palma, Alessia & Paltrinieri, Andrea & Goodell, John W. & Oriani, Marco Ercole, 2024. "The black box of natural gas market: Past, present, and future," International Review of Financial Analysis, Elsevier, vol. 94(C).

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