Enhanced power demand forecasting for Bangladesh: using feature engineering associated with environmental and economic impact
摘要
Forecasting power demand is crucial for developing countries like Bangladesh for various reasons including resource planning due to limited resources. Limited research was found on short-term power demand forecasting of Bangladesh. In this study, a preprocessing pipeline is proposed to generate powerful features including hourly demand, weather and economic data to generate both short- and medium-term load forecasting. Our method achieved the lowest 2.3% MAPE on PGCB dataset in forecasting energy loads for January and February 2024. The efficacy of the generated features, produced from pre-processing pipeline, was validated by utilising 2 machine-learning models including FB-Prophet and LSTM.