A COMPENDIUM ON LOAD FORECASTING APPROACHES AND MODELS

Internet Application Developers are provided with great opportunities by the advancements in the field of Cloud Computing. To the users it is a necessity to get all resources without any time delay and within specific cost constraints. Now the challenge of providing resources to accommodate the large demand of ever-growing Cloud users is to be met by the Cloud Providers. Now, the competition among providers has progressed to such a stage where the load forecasting and dynamic resource allocation are among the major concerns to them. This paper illustrates the need for proper prediction mechanisms and the types of load forecasting mechanisms. A number of dominant working models are discussed in this paper. The analysis of every method belonging to a particular model is explained in detail. Keywords—Cloud, load forecast, time series, models. 1