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Combining embeddings and fuzzy time series for high-dimensional time series forecasting in internet of energy applications

Author

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  • Bitencourt, Hugo Vinicius
  • de Souza, Luiz Augusto Facury
  • dos Santos, Matheus Cascalho
  • Silva, Rodrigo
  • de Lima e Silva, Petrônio Cândido
  • Guimarães, Frederico Gadelha

Abstract

High-dimensional time series increasingly arise in the Internet of Energy (IoE), given the use of multi-sensor environments and the two way communication between energy consumers and the smart grid. Therefore, methods that are capable of computing high-dimensional time series are of great value in smart building and IoE applications. Fuzzy Time Series (FTS) models stand out as data-driven non-parametric models of easy implementation and high accuracy. Unfortunately, the existing FTS models can be unfeasible if all variables were used to train the model. We present a new methodology named Embedding Fuzzy Time Series (EFTS), by applying a combination of data embedding transformation and FTS methods. The EFTS is an explainable and data-driven approach, which is flexible and adaptable for many smart building and IoE applications. The experimental results with three public datasets show that our methodology outperforms several machine learning based forecasting methods (LSTM, GRU, TCN, RNN, MLP and GBM), and demonstrates the accuracy and parsimony of the EFTS in comparison to the baseline methods and the results previously published in the literature, showing an enhancement greater than 80%. Therefore, EFTS has a great value in high-dimensional time series forecasting in IoE applications.

Suggested Citation

  • Bitencourt, Hugo Vinicius & de Souza, Luiz Augusto Facury & dos Santos, Matheus Cascalho & Silva, Rodrigo & de Lima e Silva, Petrônio Cândido & Guimarães, Frederico Gadelha, 2023. "Combining embeddings and fuzzy time series for high-dimensional time series forecasting in internet of energy applications," Energy, Elsevier, vol. 271(C).
    • Handle: RePEc:eee:energy:v:271:y:2023:i:c:s0360544223004668
    DOI: 10.1016/j.energy.2023.127072
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    References listed on IDEAS

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    1. Nagireddy Venkata Rajasekhar Reddy & Pydimarri Padmaja & Miroslav Mahdal & Selvaraj Seerangan & Vrince Vimal & Vamsidhar Talasila & Lenka Cepova, 2023. "Hybrid Fuzzy Rule Algorithm and Trust Planning Mechanism for Robust Trust Management in IoT-Embedded Systems Integration," Mathematics, MDPI, vol. 11(11), pages 1-18, June.
    2. Orang, Omid & de Lima e Silva, Petrônio Cândido & Guimarães, Frederico Gadelha, 2023. "Multi-output time series forecasting with randomized multivariate Fuzzy Cognitive Maps," Chaos, Solitons & Fractals, Elsevier, vol. 176(C).
    3. Hosseini Dehshiri, Seyyed Jalaladdin & Amiri, Maghsoud, 2023. "Evaluating the risks of the internet of things in renewable energy systems using a hybrid fuzzy decision approach," Energy, Elsevier, vol. 285(C).
    4. Izadi, Mohammad Javad & Hassani, Pourya & Raeesi, Mehrdad & Ahmadi, Pouria, 2024. "A novel WaveNet-GRU deep learning model for PEM fuel cells degradation prediction based on transfer learning," Energy, Elsevier, vol. 293(C).
    5. Cao, Wangbin & Wang, Guangxing & Liang, Xiaolin & Hu, Zhengwei, 2024. "A STAM-LSTM model for wind power prediction with feature selection," Energy, Elsevier, vol. 296(C).

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