Time Series Regression: Prediction of Electricity Consumption Based on Number of Consumers at National Electricity Supply Company
Author:
Idhom Mohammad1,
Fauzi Akhmad2,
Trimono Trimono1,
Riyantoko Prismahardi1
Affiliation:
1. Department of Data Science, University of Pembangunan Nasional Veteran Jawa Timur, Indonesia
2. Department of Management, University of Pembangunan Nasional Veteran Jawa Timur, Indonesia
Abstract
Electrical energy is one of the components of Gross Domestic Product that is able to encourage the economy because it has become a basic need of the community. To meet the increasing demand for electrical energy, the Indonesia National Electricity Providers (PLN) need to predict the amount of electrical power required based on the customer numbers to meet the demand for adequate electricity supply. This study aims to predict electric power based on electricity user customers using a time series regression model. The data used in this study are secondary data which get from PLN annual report in 2021. This study resulted in a finding of the best prediction model based on the Akaike Information Criterion (AIC) value, namely the time series regression model with the error value modeled by the AR(1) model, while the forecasting accuracy measure used the value MAPE of 9.77%. This means that the result of model prediction is highly accurate.
Publisher
Association for Information Communication Technology Education and Science (UIKTEN)
Subject
Management of Technology and Innovation,Information Systems and Management,Strategy and Management,Education,Information Systems,Computer Science (miscellaneous)