Demand forecasting, which is power in the case of the electric industry, carries a great amount of importance for the whole industry. Electricity demand forecasting is essential because decisions regarding the operation and planning in the power system are based on it. Electrical companies use a wide variety of methods to predict electricity demand. It is apt for long-term, medium-term or short-term forecasting. The change in the electrical demand might be due to complex interactions among various factors such as socio – economic, personal and combined factors. Trailblazing and advanced methods are necessary in case of a dynamic environment instead of ordinary and normal forecasting techniques. The underlying causes can be determined by effectively resolving all the elements that might be the reason for a demand change. But sometimes, an inspection of various social and personal factors might result in huge complexity. Forecasting and Scheduling, Day ahead