Modeling electricity loads in California: ARMA models with hyperbolic noise
arXiv:cond-mat/0107226
Abstract
In this paper we address the issue of modeling electricity loads. After analyzing properties of the deseasonalized loads from the California power market we fit an ARMA(1,6) model to the data. The obtained residuals seem to be independent but with tails heavier than Gaussian. It turns out that the hyperbolic distribution provides an excellent fit.
11 pages, 6 figures