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Electricity consumption prediction with functional linear regression using spline estimation

Publication at Faculty of Mathematics and Physics |
2010

Abstract

A functional linear regression model linking observations of a functional response variable with measurements of an explanatory functional variable is considered. This model serves to analyse a real data set describing electricity consumption in Sardinia.

The interest lies in predicting either oncoming weekends’ or oncoming weekdays’ consumption, provided actual weekdays’ consumption is known.A B-spline estimator of the functional parameter is used. Selected computational issues are addressed as well.