Prediction of Electricity Usage Using Convolutional Neural Networks

Abstract

Convolutional Neural Networks are overwhelmingly accurate when attempting to predict numbers using the famous MNIST-dataset. In this paper, we are attempting to transcend these results for time- series forecasting, and compare them with several regression mod- els. The Convolutional Neural Network model predicted the same value through the entire time lapse in contrast with the other models, while the Multi-Layer Perception through Machine Learning model performed overall best. Temperature variables are directly related to power consumption, but the weights from the power consumption values from 1, 2, 3, etc hours before the forecasting revealed to be dominating the temperature weights.