2024, Related fields: mechanical engineering, civil engineering, architecture, electronics, informatics, management, etc., pp. 441-446
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Comparative analysis of the time series decomposition techniques in the energy sector applications
(The title is not available in English)
Project: Ministarstvo nauke, tehnološkog razvoja i inovacija Republike Srbije (institucija: Institut za rudarstvo i metalurgiju, Bor) (MPNTR - 451-03-68/2020-14/200052)
Keywords: time series; decomposition; EMD; VMD; STL
Abstract
(not available in English)
Time series decomposition is significant for understanding the consumption, production, and pricing in the energy sector analysis. This paper presents the comparative analyses of three important decomposition techniques: the Empirical Mode Decomposition (EMD), Variational Mode Decomposition (VMD), and Seasonal-Trend decomposition using the Loess (STL). The methodology, advantages, limitations, and applications of these techniques are described to help users selecting the most appropriate method.
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