IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v10y2017i5p694-d98759.html
   My bibliography  Save this article

A Novel Hybrid Model Based on Extreme Learning Machine, k-Nearest Neighbor Regression and Wavelet Denoising Applied to Short-Term Electric Load Forecasting

Author

Listed:
  • Weide Li

    (School of Mathematics and Statistics, Lanzhou University, Lanzhou 730000, Gansu, China)

  • Demeng Kong

    (School of Mathematics and Statistics, Lanzhou University, Lanzhou 730000, Gansu, China)

  • Jinran Wu

    (School of Mathematics and Statistics, Lanzhou University, Lanzhou 730000, Gansu, China)

Abstract

Electric load forecasting plays an important role in electricity markets and power systems. Because electric load time series are complicated and nonlinear, it is very difficult to achieve a satisfactory forecasting accuracy. In this paper, a hybrid model, Wavelet Denoising-Extreme Learning Machine optimized by k-Nearest Neighbor Regression (EWKM), which combines k-Nearest Neighbor (KNN) and Extreme Learning Machine (ELM) based on a wavelet denoising technique is proposed for short-term load forecasting. The proposed hybrid model decomposes the time series into a low frequency-associated main signal and some detailed signals associated with high frequencies at first, then uses KNN to determine the independent and dependent variables from the low-frequency signal. Finally, the ELM is used to get the non-linear relationship between these variables to get the final prediction result for the electric load. Compared with three other models, Extreme Learning Machine optimized by k-Nearest Neighbor Regression (EKM), Wavelet Denoising-Extreme Learning Machine (WKM) and Wavelet Denoising-Back Propagation Neural Network optimized by k-Nearest Neighbor Regression (WNNM), the model proposed in this paper can improve the accuracy efficiently. New South Wales is the economic powerhouse of Australia, so we use the proposed model to predict electric demand for that region. The accurate prediction has a significant meaning.

Suggested Citation

  • Weide Li & Demeng Kong & Jinran Wu, 2017. "A Novel Hybrid Model Based on Extreme Learning Machine, k-Nearest Neighbor Regression and Wavelet Denoising Applied to Short-Term Electric Load Forecasting," Energies, MDPI, vol. 10(5), pages 1-16, May.
  • Handle: RePEc:gam:jeners:v:10:y:2017:i:5:p:694-:d:98759
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/10/5/694/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/1996-1073/10/5/694/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Kucukali, Serhat & Baris, Kemal, 2010. "Turkey's short-term gross annual electricity demand forecast by fuzzy logic approach," Energy Policy, Elsevier, vol. 38(5), pages 2438-2445, May.
    2. Min-Liang Huang, 2016. "Hybridization of Chaotic Quantum Particle Swarm Optimization with SVR in Electric Demand Forecasting," Energies, MDPI, vol. 9(6), pages 1-16, May.
    3. Wang, Jianzhou & Zhu, Wenjin & Zhang, Wenyu & Sun, Donghuai, 2009. "A trend fixed on firstly and seasonal adjustment model combined with the [epsilon]-SVR for short-term forecasting of electricity demand," Energy Policy, Elsevier, vol. 37(11), pages 4901-4909, November.
    4. Akay, Diyar & Atak, Mehmet, 2007. "Grey prediction with rolling mechanism for electricity demand forecasting of Turkey," Energy, Elsevier, vol. 32(9), pages 1670-1675.
    5. Taylor, James W., 2010. "Triple seasonal methods for short-term electricity demand forecasting," European Journal of Operational Research, Elsevier, vol. 204(1), pages 139-152, July.
    6. Jiang, Ping & Wang, Yun & Wang, Jianzhou, 2017. "Short-term wind speed forecasting using a hybrid model," Energy, Elsevier, vol. 119(C), pages 561-577.
    7. Kavaklioglu, Kadir, 2011. "Modeling and prediction of Turkey's electricity consumption using Support Vector Regression," Applied Energy, Elsevier, vol. 88(1), pages 368-375, January.
    8. Yan Hong Chen & Wei-Chiang Hong & Wen Shen & Ning Ning Huang, 2016. "Electric Load Forecasting Based on a Least Squares Support Vector Machine with Fuzzy Time Series and Global Harmony Search Algorithm," Energies, MDPI, vol. 9(2), pages 1-13, January.
    9. Peyman Abbaszadeh, 2016. "Improving Hydrological Process Modeling Using Optimized Threshold-Based Wavelet De-Noising Technique," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 30(5), pages 1701-1721, March.
    10. Shamshirband, Shahaboddin & Mohammadi, Kasra & Yee, Por Lip & Petković, Dalibor & Mostafaeipour, Ali, 2015. "A comparative evaluation for identifying the suitability of extreme learning machine to predict horizontal global solar radiation," Renewable and Sustainable Energy Reviews, Elsevier, vol. 52(C), pages 1031-1042.
    11. Aman Mohammad Kalteh, 2016. "Improving Forecasting Accuracy of Streamflow Time Series Using Least Squares Support Vector Machine Coupled with Data-Preprocessing Techniques," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 30(2), pages 747-766, January.
    12. Peyman Abbaszadeh, 2016. "Improving Hydrological Process Modeling Using Optimized Threshold-Based Wavelet De-Noising Technique," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 30(5), pages 1701-1721, March.
    13. Zhou, P. & Ang, B.W. & Poh, K.L., 2006. "A trigonometric grey prediction approach to forecasting electricity demand," Energy, Elsevier, vol. 31(14), pages 2839-2847.
    14. Goia, Aldo & May, Caterina & Fusai, Gianluca, 2010. "Functional clustering and linear regression for peak load forecasting," International Journal of Forecasting, Elsevier, vol. 26(4), pages 700-711, October.
    15. Aman Kalteh, 2016. "Improving Forecasting Accuracy of Streamflow Time Series Using Least Squares Support Vector Machine Coupled with Data-Preprocessing Techniques," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 30(2), pages 747-766, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Weronika Nitka & Tomasz Serafin & Dimitrios Sotiros, 2021. "Forecasting Electricity Prices: Autoregressive Hybrid Nearest Neighbors (ARHNN) method," WORking papers in Management Science (WORMS) WORMS/21/06, Department of Operations Research and Business Intelligence, Wroclaw University of Science and Technology.
    2. Ma, Weiwu & Fang, Song & Liu, Gang & Zhou, Ruoyu, 2017. "Modeling of district load forecasting for distributed energy system," Applied Energy, Elsevier, vol. 204(C), pages 181-205.
    3. Giulio Vialetto & Marco Noro, 2019. "Enhancement of a Short-Term Forecasting Method Based on Clustering and kNN: Application to an Industrial Facility Powered by a Cogenerator," Energies, MDPI, vol. 12(23), pages 1-16, November.
    4. Kailai Ni & Jianzhou Wang & Guangyu Tang & Danxiang Wei, 2019. "Research and Application of a Novel Hybrid Model Based on a Deep Neural Network for Electricity Load Forecasting: A Case Study in Australia," Energies, MDPI, vol. 12(13), pages 1-30, June.
    5. Wu, Jinran & Cui, Zhesen & Chen, Yanyan & Kong, Demeng & Wang, You-Gan, 2019. "A new hybrid model to predict the electrical load in five states of Australia," Energy, Elsevier, vol. 166(C), pages 598-609.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zhu, Suling & Wang, Jianzhou & Zhao, Weigang & Wang, Jujie, 2011. "A seasonal hybrid procedure for electricity demand forecasting in China," Applied Energy, Elsevier, vol. 88(11), pages 3807-3815.
    2. Debnath, Kumar Biswajit & Mourshed, Monjur, 2018. "Forecasting methods in energy planning models," Renewable and Sustainable Energy Reviews, Elsevier, vol. 88(C), pages 297-325.
    3. Gholami, M. & Barbaresi, A. & Torreggiani, D. & Tassinari, P., 2020. "Upscaling of spatial energy planning, phases, methods, and techniques: A systematic review through meta-analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 132(C).
    4. Dutta, Goutam & Mitra, Krishnendranath, 2015. "Dynamic Pricing of Electricity: A Survey of Related Research," IIMA Working Papers WP2015-08-03, Indian Institute of Management Ahmedabad, Research and Publication Department.
    5. Wang, Yuanyuan & Wang, Jianzhou & Zhao, Ge & Dong, Yao, 2012. "Application of residual modification approach in seasonal ARIMA for electricity demand forecasting: A case study of China," Energy Policy, Elsevier, vol. 48(C), pages 284-294.
    6. Goutam Dutta & Krishnendranath Mitra, 2017. "A literature review on dynamic pricing of electricity," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 68(10), pages 1131-1145, October.
    7. Wang, Shuai & Yu, Lean & Tang, Ling & Wang, Shouyang, 2011. "A novel seasonal decomposition based least squares support vector regression ensemble learning approach for hydropower consumption forecasting in China," Energy, Elsevier, vol. 36(11), pages 6542-6554.
    8. Aftab Ahmed Almani & Xueshan Han, 2023. "Real-Time Pricing-Enabled Demand Response Using Long Short-Time Memory Deep Learning," Energies, MDPI, vol. 16(5), pages 1-13, March.
    9. Hamzacebi, Coskun & Es, Huseyin Avni, 2014. "Forecasting the annual electricity consumption of Turkey using an optimized grey model," Energy, Elsevier, vol. 70(C), pages 165-171.
    10. Ahmed Ismail & Mustafa Baysal, 2023. "Dynamic Pricing Based on Demand Response Using Actor–Critic Agent Reinforcement Learning," Energies, MDPI, vol. 16(14), pages 1-19, July.
    11. Suganthi, L. & Samuel, Anand A., 2012. "Energy models for demand forecasting—A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(2), pages 1223-1240.
    12. Tang, Ling & Yu, Lean & Wang, Shuai & Li, Jianping & Wang, Shouyang, 2012. "A novel hybrid ensemble learning paradigm for nuclear energy consumption forecasting," Applied Energy, Elsevier, vol. 93(C), pages 432-443.
    13. Yuqi Dong & Xuejiao Ma & Chenchen Ma & Jianzhou Wang, 2016. "Research and Application of a Hybrid Forecasting Model Based on Data Decomposition for Electrical Load Forecasting," Energies, MDPI, vol. 9(12), pages 1-30, December.
    14. Günay, M. Erdem, 2016. "Forecasting annual gross electricity demand by artificial neural networks using predicted values of socio-economic indicators and climatic conditions: Case of Turkey," Energy Policy, Elsevier, vol. 90(C), pages 92-101.
    15. Chengshi Tian & Yan Hao, 2018. "A Novel Nonlinear Combined Forecasting System for Short-Term Load Forecasting," Energies, MDPI, vol. 11(4), pages 1-34, March.
    16. Zhao, Weigang & Wang, Jianzhou & Lu, Haiyan, 2014. "Combining forecasts of electricity consumption in China with time-varying weights updated by a high-order Markov chain model," Omega, Elsevier, vol. 45(C), pages 80-91.
    17. Deb, Chirag & Zhang, Fan & Yang, Junjing & Lee, Siew Eang & Shah, Kwok Wei, 2017. "A review on time series forecasting techniques for building energy consumption," Renewable and Sustainable Energy Reviews, Elsevier, vol. 74(C), pages 902-924.
    18. Wang, Chi-hsiang & Grozev, George & Seo, Seongwon, 2012. "Decomposition and statistical analysis for regional electricity demand forecasting," Energy, Elsevier, vol. 41(1), pages 313-325.
    19. Abdulkerim Karaaslan & Mesliha Gezen, 2017. "Forecasting of Turkey s Sectoral Energy Demand by Using Fuzzy Grey Regression Model," International Journal of Energy Economics and Policy, Econjournals, vol. 7(1), pages 67-77.
    20. Moustris, K. & Kavadias, K.A. & Zafirakis, D. & Kaldellis, J.K., 2020. "Medium, short and very short-term prognosis of load demand for the Greek Island of Tilos using artificial neural networks and human thermal comfort-discomfort biometeorological data," Renewable Energy, Elsevier, vol. 147(P1), pages 100-109.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jeners:v:10:y:2017:i:5:p:694-:d:98759. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.