{"title":"Energy demand pattern analysis in South Korea using hidden Markov model-based classification","authors":"Jaeyong Lee, Beom Seuk Hwang","doi":"10.1111/asej.12338","DOIUrl":null,"url":null,"abstract":"<p>Understanding energy demand patterns in the residential sector is crucial for improving energy efficiency through demand-side management. Load curve classification is a useful method for analyzing energy demand patterns. In this paper, we employ a hidden Markov model (HMM)-based classification to residential load curves in South Korea. We also investigate how the number of hidden states affects classification performance by allowing HMM to train with a different number of hidden states for each class. We compare our HMM-based method with several state-of-the-art models and find that it outperforms other competing models in multiple datasets. Additionally, we use the fitted HMM model to make inferences about the load curves, gaining deeper insights into energy demand patterns.</p>","PeriodicalId":45838,"journal":{"name":"Asian Economic Journal","volume":"38 3","pages":"404-428"},"PeriodicalIF":1.0000,"publicationDate":"2024-10-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/asej.12338","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Asian Economic Journal","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/asej.12338","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
Understanding energy demand patterns in the residential sector is crucial for improving energy efficiency through demand-side management. Load curve classification is a useful method for analyzing energy demand patterns. In this paper, we employ a hidden Markov model (HMM)-based classification to residential load curves in South Korea. We also investigate how the number of hidden states affects classification performance by allowing HMM to train with a different number of hidden states for each class. We compare our HMM-based method with several state-of-the-art models and find that it outperforms other competing models in multiple datasets. Additionally, we use the fitted HMM model to make inferences about the load curves, gaining deeper insights into energy demand patterns.
期刊介绍:
The Asian Economic Journal provides detailed coverage of a wide range of topics in economics relating to East Asia, including investigation of current research, international comparisons and country studies. It is a forum for debate amongst theorists, practitioners and researchers and publishes high-quality theoretical, empirical and policy orientated contributions. The Asian Economic Journal facilitates the exchange of information among researchers on a world-wide basis and offers a unique opportunity for economists to keep abreast of research on economics pertaining to East Asia.