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Energy forecasting for commercial real estate properties is the process of applying statistics and machine learning to make predictions about consumption levels in the future. Energy forecasting models take into account historical trends, weather inputs, and occupancy schedules to make predictions.
Energy consumption forecasts can be used by building operators to implement energy-saving strategies. For office and multifamily portfolios, energy forecasts can make help in plans to optimize the operations of chillers, boilers and other critical equipment systems.