Time series analysis
Water consumption forecast system
Budapest Waterworks supplies drinking water for Budapest and several neighbouring communities.
The long term planning needs of the company require data about future trends in water consumption, by area and market segment.
MultiRacio designed and installed a forecasting system that is built on the best available algorithms and
takes into account both the effect of external factors (demographic movements, climatic effects) and the internal statistical trends.
The development project consisted of the following steps:
- Examining the time series of the internal and external data,
- identification of relations of the data series, setting up the model,
- developing the computer program for the database and the modelling tool,
- installing and test run at the user's site
- preparing the first forecasts and reports.
The system technologically is a web based application with an Apache and a MySQL server, and a HTML/PHP user interface.