This system model provides an overview of the various modules of the algorithm, how they interact with one another, and how the system operates as a cohesive unit.
Data Input
Historical load data is input into the model.
Data Processing Module
The data is cleaned and normalized.
Exploratory Data Analysis Module
Any trends are identified and data visualization techniques are implemented.
Feature Engineering Module
New features are created based on existing data.
Model Selection Module
An appropriate machine learning algorithm is selected.
Model Training Module
The selected model is trained.
Prediction Output
Predictions are generated.
Improvements to be made?
The predictions and actual load data are compared. If there is the need for adjustments or improvements, the model is retrained and re-evaluated.
This process model outlines the step-by-step procedure that utility companies and other stakeholders should take when deploying the system for their planning and decision-making needs. By following the following steps, stakeholders can obtain accurate electricity load predictions for Hoboken and enhance operational efficiency.
Data Input
The user should input real-time electricity load data and external factors (e.g. weather, special events, holidays) into the system.
Data Preprocessing
The algorithm cleans the input data by removing any erroneous or missing values, and normalizes it for consistency.
Feature Engineering
The system automatically creates new features relevant to the data input.
Run the Machine Learning Model
The algorithm runs the machine learning model using the prepared data.
Prediction Output
Short-term electricity load forecasts are generated.
Decision Making
The user should analyze the predictions and make decisions that would influence operational efficiency, resource allocation or demand management strategies.
Monitoring and Feedback
The user should monitor and evaluate the performance of the model by comparing the predictions with actual electricity loads recorded for that period. Based on the feedback, adjustments should be made to the algorithm or the model should be retrained with new data.
Reporting
The user should then be able to generate reports to summarize predictions and insights for stakeholders.