Machine Learning Project - Electricity Demand Forecasting

Build an Electricity Demand Prediction Machine Learning Model in Python (End-to-End Tutorial)
Course Details
Title Machine Learning Project - Electricity Demand Forecasting
Category Development
Sub Category Data Science
Creator Name Data Science Lovers
Language English
Rating 4.12069
Length 1:28 Hours
Coupon StatusActive

Description

In this project, you will learn how to build a Machine Learning model with Python. We will build a XGBoost Model that will help us in forecasting of electricity demand in a city.

You will learn how to handle time-series data, create powerful features, train a machine learning model and and evaluate its performance.

Here, we have used a historical data of last 5 years. Based on this data we will predict the future demand using our model.

This is a time series dataset with Per Hour information. In this dataset, we have multiple useful columns like - Temperature, Humidity, Demand etc.

From the datetime column, we created other useful columns like day_of_year, week_of_year, is_weekend, is_holiday etc.

We have used the line chart, box plot for visualization.


Key Learnings:

  • Time Series Data Handling

  • Feature Engineering for Demand Forecasting

  • Machine Learning (XGBoost) for Prediction

  • Model Evaluation (RMSE, MAE)

  • Understanding Energy Consumption Patterns


We will make use of :

  • Python: The core programming language

  • Pandas: Data manipulation and analysis

  • NumPy: Numerical operations

  • Matplotlib & Seaborn: Data visualization

  • Scikit-learn: Machine learning utilities

  • XGBoost: Gradient Boosting for robust predictions

  • Holidays: For national holiday data

Master Energy Forecasting: A Python Project for Electricity Demand Prediction.


Thanks all students !




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