Forecasting Energy Consumption and Generation

Forecasting energy consumption and generation is critical to energy management and planning. It involves predicting the future demand for energy based on historical data, environmental factors, and other relevant variables. Accurate forecasting is essential for ensuring that energy supply meets demand and for making informed decisions about energy production and distribution. With the increasing emphasis on sustainable energy sources and the need to reduce carbon emissions, energy forecasting has become even more important in recent years. This application uses several different statistical and machine-learning techniques to understand energy consumption and generation patterns.