The future of IBM Maximo: Work Centers and Inspections Can Transform Your Business


Electric Load Forecasting: Advanced Topics and Case Studies

  • Tuition USD $825 GSA  $748.11
  • Reviews star_rate star_rate star_rate star_rate star_half 486 Ratings
  • Course Code BELFADV
  • Duration 1 day
  • Available Formats Classroom

This hands-on workshop is open to those who attended the Electric Load Forecasting: Fundamentals and Best Practices course. This course includes lecture and hands-on lab exercises that explore advanced topics in electric load forecasting.

Skills Gained

  • perform time series cross validation
  • select weather stations
  • detect outliers and cleanse data
  • use comprehensive temperature information
  • combine forecasts.

Who Can Benefit

  • Load/price forecasters, energy traders, quantitative/business analysts in the utility industry, power system planners, power system operators, load research analysts, and rate design analysts


  • Before attending this course, you must attend the Electric Load Forecasting: Fundamentals and Best Practices course.

Course Details

Out of Sample Tests

  • error analysis
  • cross validation
  • sliding simulation

Weather Station Selection

  • two fundamental questions
  • a common method
  • unconstrained weather station selection
  • seven-step implementation

Outlier Detection and Data Cleansing

  • definitions of outlier
  • three examples
  • hidden outlier
  • a modeling approach to outlier detection and data cleansing

More about Recency Effect

  • how many lagged temperatures can we afford?
  • "optimal" combination of lagged and average temperatures
  • recency effect in hierarchical load forecasting
  • search algorithms for recency effect modeling

Combining Forecasts

  • motivation
  • forecast combination methods
  • practical considerations

Case Studies (computer lab session)

  • cross validation
  • weather station selection
  • outlier detection and data cleansing
  • recency effect modeling
  • forecast combination

Emerging Topics (optional)

  • grouping and clustering methods
  • ARIMA models for electric load forecasting
  • probabilistic electric load forecasting
  • other emerging topics

How do I enroll?

A comprehensive listing of ExitCertified courses can be found here. You can register directly for the required course/location when you select "register". If you have any questions or prefer to speak with an ExitCertified education consultant directly, please submit your query here. A representative will contact you shortly.

How do I pay for a class?

You can pay at the time of registration using credit card (Mastercard/Visa/American Express) cheque or PO.

What if I have training credits?

ExitCertified honors all savings programs from the partners we work with. ExitCertified also offers training credits across multiple partners through our FLEX Account.

When does class start/end?

Classes begin promptly at 9:00 am, and typically end at 5:00 pm.


Lunch is normally an hour long and begins at noon. Coffee, tea, hot chocolate and juice are available all day in the kitchen. Fruit, muffins and bagels are served each morning. There are numerous restaurants near each of our centers, and some popular ones are indicated on the Area Map in the Student Welcome Handbooks - these can be picked up in the lobby or requested from one of our ExitCertified staff.

How can someone reach me during class?

If someone should need to contact you while you are in class, please have them call the center telephone number and leave a message with the receptionist.

What languages are used to deliver training?

Most courses are conducted in English, unless otherwise specified. Some courses will have the word "FRENCH" marked in red beside the scheduled date(s) indicating the language of instruction.

Very good overview and Intro to AWS. Just the right amount of information.

Just finished up a course taught by Sean Mohseni. Excellent instructor. If you can find a course he's teaching, its well worth it.

course material well organized; Some material and labs out of date. instructor was outstanding and able to work around out of date materials.

Kudos to EC, with excellent trainers and a highly satisfying learning experience. The environment was clean and welcoming, and the team was very accommodating.

Great training that provided pro-tips a plenty that were immediately put to use.

0 options available

There are currently no scheduled dates for this course. If you are interested in this course, request a course date with the links above. We can also contact you when the course is scheduled in your area.

Contact Us 1-800-803-3948
Contact Us Live Chat
FAQ Get immediate answers to our most frequently asked qestions. View FAQs arrow_forward