Abstract

The outbreak of COVID-19 epidemic has led to a decline in electricity consumption in the United States, the world’s second largest consumer of electricity. Based on the monthly data of the United States from August 2015 to July 2020, this paper uses the ARIMA model and the ARIMA-BP model to forecast the power consumption of the United States in the next 17 months. The Mean Absolute Percentage Error (MAPE) is 5.6% and 4.5% respectively. It shows that the prediction results have high reliability. The results of prediction research will provide a scientific basis for the normal adjustment of electricity supply and demand in the United States, and the method used in this study can be used as a reference for the study of electricity consumption in other countries.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.