C. Hsiao et al., A BAYESIAN INTEGRATION OF END-USE METERING AND CONDITIONAL-DEMAND ANALYSIS, Journal of business & economic statistics, 13(3), 1995, pp. 315-326
Traditional methods of estimating kilowatt end uses load profiles may
face very serious multicollinearity issues. In this article, a Bayesia
n framework is proposed to combine end uses monitoring information wit
h the aggregate-load/appliance data to allow load researchers to deriv
e more accurate load shapes. Two variants are suggested: The first one
uses the raw end-use metered data to construct the prior means and va
riances. The second method uses actual end-use data to construct the p
riors of the parameters characterizing the behavior of end uses of spe
cific appliances. From a prediction perspective, the Bayesian methods
consistently outperform the predictions generated from conventional co
nditional-demand formulation.