| Article ID: | iaor19911901 |
| Country: | United States |
| Volume: | 37 |
| Issue: | 3 |
| Start Page Number: | 368 |
| End Page Number: | 373 |
| Publication Date: | Mar 1991 |
| Journal: | Management Science |
| Authors: | Muralidhar Krishnamurty, Tretter Marietta J. |
| Keywords: | energy, forecasting: applications, time series & forecasting methods |
Estimating electrical demand in 15-30-minute intervals plays a crucial role in the determination of electric utility rates and the planning functions of utility companies. In order to achieve accurate estimation rules, the Public Utilities Regulatory Policies Act of 1978 specifies requirements that are unique to this estimation problem. This study investigates the impact of these requirements on estimation effectiveness. The results indicate that these requirements fail to achieve their purpose. The study also notes the importance of addressing the form of the underlying population of electrical demand.