Sparse regression modeling for short- and long‐term natural gas demand prediction
Author
Abstract
Suggested Citation
DOI: 10.1007/s10479-021-04089-x
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Uniejewski, Bartosz & Marcjasz, Grzegorz & Weron, Rafał, 2019.
"Understanding intraday electricity markets: Variable selection and very short-term price forecasting using LASSO,"
International Journal of Forecasting, Elsevier, vol. 35(4), pages 1533-1547.
- Bartosz Uniejewski & Grzegorz Marcjasz & Rafal Weron, 2018. "Understanding intraday electricity markets: Variable selection and very short-term price forecasting using LASSO," HSC Research Reports HSC/18/07, Hugo Steinhaus Center, Wroclaw University of Technology.
- Sen, Doruk & Günay, M. Erdem & Tunç, K.M. Murat, 2019. "Forecasting annual natural gas consumption using socio-economic indicators for making future policies," Energy, Elsevier, vol. 173(C), pages 1106-1118.
- Zhang, Yaojie & Ma, Feng & Wang, Yudong, 2019. "Forecasting crude oil prices with a large set of predictors: Can LASSO select powerful predictors?," Journal of Empirical Finance, Elsevier, vol. 54(C), pages 97-117.
- Pilla, Venkata L. & Rosenberger, Jay M. & Chen, Victoria & Engsuwan, Narakorn & Siddappa, Sheela, 2012. "A multivariate adaptive regression splines cutting plane approach for solving a two-stage stochastic programming fleet assignment model," European Journal of Operational Research, Elsevier, vol. 216(1), pages 162-171.
- Sailor, David J. & Muñoz, J.Ricardo, 1997. "Sensitivity of electricity and natural gas consumption to climate in the U.S.A.—Methodology and results for eight states," Energy, Elsevier, vol. 22(10), pages 987-998.
- Vondrácek, Jirí & Pelikán, Emil & Konár, Ondrej & Cermáková, Jana & Eben, Krystof & Malý, Marek & Brabec, Marek, 2008. "A statistical model for the estimation of natural gas consumption," Applied Energy, Elsevier, vol. 85(5), pages 362-370, May.
- Brabec, Marek & Konár, Ondrej & Pelikán, Emil & Malý, Marek, 2008. "A nonlinear mixed effects model for the prediction of natural gas consumption by individual customers," International Journal of Forecasting, Elsevier, vol. 24(4), pages 659-678.
- Sarak, H & Satman, A, 2003. "The degree-day method to estimate the residential heating natural gas consumption in Turkey: a case study," Energy, Elsevier, vol. 28(9), pages 929-939.
- Thaler, Marko & Grabec, Igor & Poredoš, Alojz, 2005. "Prediction of energy consumption and risk of excess demand in a distribution system," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 355(1), pages 46-53.
- Liu, Lon-Mu & Lin, Maw-Wen, 1991. "Forecasting residential consumption of natural gas using monthly and quarterly time series," International Journal of Forecasting, Elsevier, vol. 7(1), pages 3-16, May.
- Lee, Tian-Shyug & Chiu, Chih-Chou & Chou, Yu-Chao & Lu, Chi-Jie, 2006. "Mining the customer credit using classification and regression tree and multivariate adaptive regression splines," Computational Statistics & Data Analysis, Elsevier, vol. 50(4), pages 1113-1130, February.
- Hribar, Rok & Potočnik, Primož & Šilc, Jurij & Papa, Gregor, 2019. "A comparison of models for forecasting the residential natural gas demand of an urban area," Energy, Elsevier, vol. 167(C), pages 511-522.
- Pakize Taylan & Gerhard-Wilhelm Weber & Fatma Yerlikaya Özkurt, 2010. "A new approach to multivariate adaptive regression splines by using Tikhonov regularization and continuous optimization," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 18(2), pages 377-395, December.
- Karadede, Yusuf & Ozdemir, Gultekin & Aydemir, Erdal, 2017. "Breeder hybrid algorithm approach for natural gas demand forecasting model," Energy, Elsevier, vol. 141(C), pages 1269-1284.
- Sermpinis, Georgios & Tsoukas, Serafeim & Zhang, Ping, 2018. "Modelling market implied ratings using LASSO variable selection techniques," Journal of Empirical Finance, Elsevier, vol. 48(C), pages 19-35.
- Özmen, Ayşe & Yılmaz, Yavuz & Weber, Gerhard-Wilhelm, 2018. "Natural gas consumption forecast with MARS and CMARS models for residential users," Energy Economics, Elsevier, vol. 70(C), pages 357-381.
- Beyca, Omer Faruk & Ervural, Beyzanur Cayir & Tatoglu, Ekrem & Ozuyar, Pinar Gokcin & Zaim, Selim, 2019. "Using machine learning tools for forecasting natural gas consumption in the province of Istanbul," Energy Economics, Elsevier, vol. 80(C), pages 937-949.
- Soldo, Božidar, 2012. "Forecasting natural gas consumption," Applied Energy, Elsevier, vol. 92(C), pages 26-37.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Jean Gaston Tamba & Salom Ndjakomo Essiane & Emmanuel Flavian Sapnken & Francis Djanna Koffi & Jean Luc Nsouand l & Bozidar Soldo & Donatien Njomo, 2018. "Forecasting Natural Gas: A Literature Survey," International Journal of Energy Economics and Policy, Econjournals, vol. 8(3), pages 216-249.
- Özmen, Ayşe & Yılmaz, Yavuz & Weber, Gerhard-Wilhelm, 2018. "Natural gas consumption forecast with MARS and CMARS models for residential users," Energy Economics, Elsevier, vol. 70(C), pages 357-381.
- Soldo, Božidar, 2012. "Forecasting natural gas consumption," Applied Energy, Elsevier, vol. 92(C), pages 26-37.
- Ravnik, J. & Hriberšek, M., 2019. "A method for natural gas forecasting and preliminary allocation based on unique standard natural gas consumption profiles," Energy, Elsevier, vol. 180(C), pages 149-162.
- Tomasz Cieślik & Piotr Narloch & Adam Szurlej & Krzysztof Kogut, 2022. "Indirect Impact of the COVID-19 Pandemic on Natural Gas Consumption by Commercial Consumers in a Selected City in Poland," Energies, MDPI, vol. 15(4), pages 1-18, February.
- Qiao, Weibiao & Liu, Wei & Liu, Enbin, 2021. "A combination model based on wavelet transform for predicting the difference between monthly natural gas production and consumption of U.S," Energy, Elsevier, vol. 235(C).
- Lu, Hongfang & Ma, Xin & Azimi, Mohammadamin, 2020. "US natural gas consumption prediction using an improved kernel-based nonlinear extension of the Arps decline model," Energy, Elsevier, vol. 194(C).
- Szoplik, Jolanta, 2015. "Forecasting of natural gas consumption with artificial neural networks," Energy, Elsevier, vol. 85(C), pages 208-220.
- Beyca, Omer Faruk & Ervural, Beyzanur Cayir & Tatoglu, Ekrem & Ozuyar, Pinar Gokcin & Zaim, Selim, 2019. "Using machine learning tools for forecasting natural gas consumption in the province of Istanbul," Energy Economics, Elsevier, vol. 80(C), pages 937-949.
- Potočnik, Primož & Soldo, Božidar & Šimunović, Goran & Šarić, Tomislav & Jeromen, Andrej & Govekar, Edvard, 2014. "Comparison of static and adaptive models for short-term residential natural gas forecasting in Croatia," Applied Energy, Elsevier, vol. 129(C), pages 94-103.
- Palanisamy Manigandan & MD Shabbir Alam & Majed Alharthi & Uzma Khan & Kuppusamy Alagirisamy & Duraisamy Pachiyappan & Abdul Rehman, 2021. "Forecasting Natural Gas Production and Consumption in United States-Evidence from SARIMA and SARIMAX Models," Energies, MDPI, vol. 14(19), pages 1-17, September.
- Spoladore, Alessandro & Borelli, Davide & Devia, Francesco & Mora, Flavio & Schenone, Corrado, 2016. "Model for forecasting residential heat demand based on natural gas consumption and energy performance indicators," Applied Energy, Elsevier, vol. 182(C), pages 488-499.
- Wei, Nan & Yin, Lihua & Li, Chao & Li, Changjun & Chan, Christine & Zeng, Fanhua, 2021. "Forecasting the daily natural gas consumption with an accurate white-box model," Energy, Elsevier, vol. 232(C).
- Lu, Fei & Ma, Feng & Li, Pan & Huang, Dengshi, 2022. "Natural gas volatility predictability in a data-rich world," International Review of Financial Analysis, Elsevier, vol. 83(C).
- Meira, Erick & Cyrino Oliveira, Fernando Luiz & de Menezes, Lilian M., 2022. "Forecasting natural gas consumption using Bagging and modified regularization techniques," Energy Economics, Elsevier, vol. 106(C).
- Jinyuan Liu & Shouxi Wang & Nan Wei & Yi Yang & Yihao Lv & Xu Wang & Fanhua Zeng, 2023. "An Enhancement Method Based on Long Short-Term Memory Neural Network for Short-Term Natural Gas Consumption Forecasting," Energies, MDPI, vol. 16(3), pages 1-14, January.
- Li, Wei & Lu, Can, 2019. "The multiple effectiveness of state natural gas consumption constraint policies for achieving sustainable development targets in China," Applied Energy, Elsevier, vol. 235(C), pages 685-698.
- Zhu, Dan & Tao, Shu & Wang, Rong & Shen, Huizhong & Huang, Ye & Shen, Guofeng & Wang, Bin & Li, Wei & Zhang, Yanyan & Chen, Han & Chen, Yuanchen & Liu, Junfeng & Li, Bengang & Wang, Xilong & Liu, Wenx, 2013. "Temporal and spatial trends of residential energy consumption and air pollutant emissions in China," Applied Energy, Elsevier, vol. 106(C), pages 17-24.
- Ahmet Goncu & Mehmet Oguz Karahan & Tolga Umut Kuzubas, 2019.
"Forecasting Daily Residential Natural Gas Consumption: A Dynamic Temperature Modelling Approach,"
Bogazici Journal, Review of Social, Economic and Administrative Studies, Bogazici University, Department of Economics, vol. 33(1), pages 1-22.
- Ahmet Goncu & Mehmet Oguz Karahan & Tolga Umut Kuzubas, 2013. "Forecasting Daily Residential Natural Gas Consumption: A Dynamic Temperature Modelling Approach," Working Papers 2013/11, Bogazici University, Department of Economics.
- Yukseltan, Ergun & Yucekaya, Ahmet & Bilge, Ayse Humeyra & Agca Aktunc, Esra, 2021. "Forecasting models for daily natural gas consumption considering periodic variations and demand segregation," Socio-Economic Planning Sciences, Elsevier, vol. 74(C).
More about this item
Keywords
Sparse regression; LR; LASSO; MARS; Energy and commodity markets; Short-term and long-term forecasting;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:annopr:v:322:y:2023:i:2:d:10.1007_s10479-021-04089-x. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.