📖 About the Project

🔹 Inspiration

Buildings consume nearly one-third of global energy and contribute significantly to emissions. To support decarbonization, we focused on short-term load forecasting and anomaly detection in energy consumption, which can enable efficient energy management, better use of renewables, and reduced dependence on fossil fuels.

🔹 What We Learned

Through this project, we explored how Time Series Foundation Models (TSFMs) can capture general patterns across domains and how fine-tuning strategies improve performance on specific building types. We also deepened our understanding of evaluation metrics like MAE, RMSE, and MAPE, and how anomaly detection can complement forecasting models.

🔹 How We Built It

  1. Preprocessed building energy data with pandas and NumPy (handling missing values, normalization, and feature engineering).
  2. Established baseline models (ARIMA, Prophet, Random Forest Regressor).
  3. Fine-tuned pre-trained TSFMs
  4. Designed evaluation with:

$$
RMSE = \sqrt{\frac{1}{n}\sum_{i=1}^{n}(y_i - \hat{y}_i)^2}
$$

  1. Implemented anomaly detection using residual thresholds and statistical methods.

🔹 Challenges We Faced

  • Handling irregular and missing time-series data.
  • Balancing accuracy with limited training time in a hackathon setting.
  • Selecting the best fine-tuning strategy among multiple approaches.

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