Electricity Demand Forecast: Dynamic Time-Series Model with Prior Calibration

We present an example of a dynamic forecasting time-series model that incorporates a prior calibration process to estimate the temperature effect on electricity demand. The model is based on the previous example Electricity Demand Forecast: Dynamic Time-Series Model . In this second iteration, we borrow the ideas from the Pyro great example Forecasting with Dynamic Linear Model (DLM) where they…