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An empirical investigation of water consumption forecasting methods

Karamaziotis, Panagiotis I and Raptis, Achilleas and Nikolopoulos, Konstantinos and Litsiou, Konstantia and Assimakopoulos, Vassilis (2019) An empirical investigation of water consumption forecasting methods. International Journal of Forecasting, 36 (2). pp. 588-606. ISSN 0169-2070

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Abstract

Many regions on earth face daily limitations in the quantity and quality of the water resources available. As a result, it is necessary to implement reliable methodologies for water consumption forecasting that will enable the better management and planning of water resources. This research analyses, for the first time, a large database containing data from 2 million water meters in 274 unique postal codes, in one of the most densely populated areas of Europe, which faces issues of droughts and overconsumption in the hot summer months. Using the R programming language, we built and tested three alternative forecasting methodologies, employing univariate forecasting technique.

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