Volatility in Electrical Load Forecasting for Long-term Horizon: An ARIMA-GARCH Approach

Electrical load forecasting in long-term horizon of power systems plays an important role for system planning and development. Load forecast in long-term horizon is represented as time-series. Thus, it is important to check the effect of volatility in the forecasted load time-series. In short, volatility in long-term horizon affects four main...