Energy Forecasting
Energy forecasting is the projection of future energy consumption based on historical usage patterns and relevant variables such as weather, occupancy, or planned operational changes.
Definition
Energy forecasting specifically projects future consumption volumes (as opposed to cost), using historical data and relevant variables to generate an expected usage range for a future period. It's the foundation that both cost forecasting and anomaly detection build on.
Why It Matters
Accurate consumption forecasting is a prerequisite for reliable cost forecasting and effective anomaly detection alike.
How ecolyptus Helps
ecolyptus's Forecasting module generates expected consumption ranges per meter, feeding both budget planning and anomaly detection.