2019
DOI: 10.3390/app9204215
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Probabilistic Forecasting of Short-Term Electric Load Demand: An Integration Scheme Based on Correlation Analysis and Improved Weighted Extreme Learning Machine

Abstract: Precise prediction of short-term electric load demand is the key for developing power market strategies. Due to the dynamic environment of short-term load forecasting, probabilistic forecasting has become the center of attention for its ability of representing uncertainty. In this paper, an integration scheme mainly composed of correlation analysis and improved weighted extreme learning machine is proposed for probabilistic load forecasting. In this scheme, a novel cooperation of wavelet packet transform and c… Show more

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Cited by 9 publications
(8 citation statements)
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“…These technique outputs are much more balanced compared to that of WT, and this can easily identify weak and singular component signals. If θ(t) is the scaling function, and ψ(t) is the wavelet function, then both can be related, as [31,34]: In Equation ( 4), l im and h im denotes the low-and high-pass frequency coefficients of the signal, respectively. The full wavelet packet {δ n (t)}(n ∈ Z + ) is on the basis of δ o (t) = θ(t), which can be derived as:…”
Section: Wavelet Packet Based Decomposition (Wpd)mentioning
confidence: 99%
See 1 more Smart Citation
“…These technique outputs are much more balanced compared to that of WT, and this can easily identify weak and singular component signals. If θ(t) is the scaling function, and ψ(t) is the wavelet function, then both can be related, as [31,34]: In Equation ( 4), l im and h im denotes the low-and high-pass frequency coefficients of the signal, respectively. The full wavelet packet {δ n (t)}(n ∈ Z + ) is on the basis of δ o (t) = θ(t), which can be derived as:…”
Section: Wavelet Packet Based Decomposition (Wpd)mentioning
confidence: 99%
“…Advanced WT has been presented in which the entropy cost function is used to select the best wavelet basis for data decomposition, mutual information for feature selection, and neural networks for prediction of electricity load with a one and multi-step-ahead basis [33]. In order to deal with the data noise of WPD, decomposed series correlation analysis has been deployed, and data with all the features has been trained through an improved weighted extreme learning machine [34]. In this paper, to extract the maximum features of the input signal, the data was decomposed using the proposed signal processing technique, i.e., WPD.…”
Section: Introductionmentioning
confidence: 99%
“…This is why a probabilistic approach is useful when analyzing the uncertainty of the energy demand/consumption obtained by using weather forecast, the probabilistic load forecast (PLF) [ 44 ]. Conventional load forecasting provides a specific value of the demand/consumption of the building, which is called point forecast.…”
Section: Introductionmentioning
confidence: 99%
“…In spite of the importance and influence that weather forecast has on the simulation, the effect of its uncertainty has not been fully studied in the literature [38][39][40], and few research works have directly investigated its effect [35,37,[41][42][43]. This is why a probabilistic approach is useful when analyzing the uncertainty of the energy demand/consumption obtained by using weather forecast, the probabilistic load forecast (PLF) [44]. Conventional load forecasting provides a specific value of the demand/consumption of the building, which is called point forecast.…”
Section: Introductionmentioning
confidence: 99%
“…The wavelet packet transform (WPT) is an extension of the WT, which provides a complete level-by-level decomposition of the signal [9]. WPT has become a popular signal processing method, which has been applied in various fields, such as in the medical industry [10], wind industry [11,12], electric power industry [12], condition monitoring and fault diagnosis of mechanical systems and structures [13][14][15][16][17][18], fatigue damage analysis of composites [19], and many more. The WPT is a signal analysis tool that has the feature of time-frequency resolution.…”
Section: Introductionmentioning
confidence: 99%