Book Image

Practical Machine Learning Cookbook

By : Atul Tripathi
Book Image

Practical Machine Learning Cookbook

By: Atul Tripathi

Overview of this book

Machine learning has become the new black. The challenge in today’s world is the explosion of data from existing legacy data and incoming new structured and unstructured data. The complexity of discovering, understanding, performing analysis, and predicting outcomes on the data using machine learning algorithms is a challenge. This cookbook will help solve everyday challenges you face as a data scientist. The application of various data science techniques and on multiple data sets based on real-world challenges you face will help you appreciate a variety of techniques used in various situations. The first half of the book provides recipes on fairly complex machine-learning systems, where you’ll learn to explore new areas of applications of machine learning and improve its efficiency. That includes recipes on classifications, neural networks, unsupervised and supervised learning, deep learning, reinforcement learning, and more. The second half of the book focuses on three different machine learning case studies, all based on real-world data, and offers solutions and solves specific machine-learning issues in each one.
Table of Contents (21 chapters)
Practical Machine Learning Cookbook
Credits
About the Author
About the Reviewer
www.PacktPub.com
Customer Feedback
Preface
14
Case Study - Forecast of Electricity Consumption

Introduction


Electricity is the only commodity that is produced and consumed simultaneously; therefore, a perfect balance between supply and consumption in the electricity power market must always be maintained. Forecasting electricity consumption is of national interest to any country since electricity is a key source of energy. A reliable forecast of energy consumption, production, and distribution meets the stable and long-term policy. The presence of economies of scale, focus on environmental concerns, regulatory requirements, and a favorable public image, coupled with inflation, rapidly rising energy prices, the emergence of alternative fuels and technologies, changes in life styles, and so on, has generated the need to use modeling techniques which capture the effect of factors such as prices, income, population, technology, and other economic, demographic, policy, and technological variables.

Underestimation could lead to under-capacity utilization, which would result in poor quality...