Functional Data Approach for Short-Term Electricity Demand Forecasting

Table 1

Out-of-sample forecasting: performance comparison among FAR (p), FARX (p), and AR (7) in terms of MAE, MAPE, and RMSE.

Model	MAE	MAPE	RMSE
FAR (p)	1525.354	6.274	1918.528
FARX (p)	1129.834	2.736	1552.573
AR (7)	1640.414	9.732	2163.824