Short-term electricity load forecasting with Time Series Analysis

2017 ◽  
Author(s):  
Hung Nguyen ◽  
Christian K. Hansen
Keyword(s):  
Time Series ◽  
Time Series Analysis ◽  
Load Forecasting ◽  
Short Term ◽  
Series Analysis ◽  
Electricity Load ◽  
Electricity Load Forecasting

Hybrid online model based multi seasonal decompose for short-term electricity load forecasting using ARIMA and online RNN

2021 ◽  
pp. 1-14
Author(s):  
Nguyen Quang Dat ◽  
Nguyen Thi Ngoc Anh ◽  
Nguyen Nhat Anh ◽  
Vijender Kumar Solanki
Keyword(s):  
Time Series ◽  
Real Time ◽  
Load Forecasting ◽  
Seasonal Patterns ◽  
Time Data ◽  
Short Term ◽  
Proposed Model ◽  
Real Time Data ◽  
Electricity Load ◽  
Electricity Load Forecasting

Short-term electricity load forecasting (STLF) plays a key role in operating the power system of a nation. A challenging problem in STLF is to deal with real-time data. This paper aims to address the problem using a hybrid online model. Online learning methods are becoming essential in STLF because load data often show complex seasonality (daily, weekly, annual) and changing patterns. Online models such as Online AutoRegressive Integrated Moving Average (Online ARIMA) and Online Recurrent neural network (Online RNN) can modify their parameters on the fly to adapt to the changes of real-time data. However, Online RNN alone cannot handle seasonality directly and ARIMA can only handle a single seasonal pattern (Seasonal ARIMA). In this study, we propose a hybrid online model that combines Online ARIMA, Online RNN, and Multi-seasonal decomposition to forecast real-time time series with multiple seasonal patterns. First, we decompose the original time series into three components: trend, seasonality, and residual. The seasonal patterns are modeled using Fourier series. This approach is flexible, allowing us to incorporate multiple periods. For trend and residual components, we employ Online ARIMA and Online RNN respectively to obtain the predictions. We use hourly load data of Vietnam and daily load data of Australia as case studies to verify our proposed model. The experimental results show that our model has better performance than single online models. The proposed model is robust and can be applied in many other fields with real-time time series.

scholarly journals Long-Term Data Traffic Forecasting for Network Dimensioning in LTE with Short Time Series

Electronics ◽  
2021 ◽  
Vol 10 (10) ◽  
pp. 1151
Author(s):  
Carolina Gijón ◽  
Matías Toril ◽  
Salvador Luna-Ramírez ◽  
María Luisa Marí-Altozano ◽  
José María Ruiz-Avilés
Keyword(s):  
Time Series ◽  
Deep Learning ◽  
Time Series Analysis ◽  
Data Traffic ◽  
Medium Term ◽  
Short Term ◽  
Traffic Forecasting ◽  
Series Analysis ◽  
Radio Planning

Network dimensioning is a critical task in current mobile networks, as any failure in this process leads to degraded user experience or unnecessary upgrades of network resources. For this purpose, radio planning tools often predict monthly busy-hour data traffic to detect capacity bottlenecks in advance. Supervised Learning (SL) arises as a promising solution to improve predictions obtained with legacy approaches. Previous works have shown that deep learning outperforms classical time series analysis when predicting data traffic in cellular networks in the short term (seconds/minutes) and medium term (hours/days) from long historical data series. However, long-term forecasting (several months horizon) performed in radio planning tools relies on short and noisy time series, thus requiring a separate analysis. In this work, we present the first study comparing SL and time series analysis approaches to predict monthly busy-hour data traffic on a cell basis in a live LTE network. To this end, an extensive dataset is collected, comprising data traffic per cell for a whole country during 30 months. The considered methods include Random Forest, different Neural Networks, Support Vector Regression, Seasonal Auto Regressive Integrated Moving Average and Additive Holt–Winters. Results show that SL models outperform time series approaches, while reducing data storage capacity requirements. More importantly, unlike in short-term and medium-term traffic forecasting, non-deep SL approaches are competitive with deep learning while being more computationally efficient.

Analysis of temperature-sensitive on short-term electricity load forecasting

2020 ◽  
Author(s):  
Nguyen Xuan Tung ◽  
Nguyen Quang Dat ◽  
Tran Ngoc Thang ◽  
Vijender Kumar Solanki ◽  
Nguyen Thi Ngoc Anh
Keyword(s):  
Load Forecasting ◽  
Temperature Sensitive ◽  
Short Term ◽  
Electricity Load ◽  
Electricity Load Forecasting

scholarly journals A Simple Method of Residential Electricity Load Forecasting by Improved Bayesian Neural Networks

2018 ◽  
Vol 2018 ◽  
pp. 1-16 ◽  
Author(s):  
Shubin Zheng ◽  
Qianwen Zhong ◽  
Lele Peng ◽  
Xiaodong Chai
Keyword(s):  
Neural Networks ◽  
Time Series ◽  
Load Forecasting ◽  
Forecast Model ◽  
Time Range ◽  
Simple Method ◽  
Load Forecast ◽  
Bayesian Neural Networks ◽  
Electricity Load ◽  
Electricity Load Forecasting

Electricity load forecasting is becoming one of the key issues to solve energy crisis problem, and time-series Bayesian Neural Network is one popular method used in load forecast models. However, it has long running time and relatively strong dependence on time and weather factors at a residential level. To solve these problems, this article presents an improved Bayesian Neural Networks (IBNN) forecast model by augmenting historical load data as inputs based on simple feedforward structure. From the load time delays correlations and impact factors analysis, containing different inputs, number of hidden neurons, historic period of data, forecasting time range, and range requirement of sample data, some advices are given on how to better choose these factors. To validate the performance of improved Bayesian Neural Networks model, several residential sample datasets of one whole year from Ausgrid have been selected to build the improved Bayesian Neural Networks model. The results compared with the time-series load forecast model show that the improved Bayesian Neural Networks model can significantly reduce calculating time by more than 30 times and even when the time or meteorological factors are missing, it can still predict the load with a high accuracy. Compared with other widely used prediction methods, the IBNN also performs a better accuracy and relatively shorter computing time. This improved Bayesian Neural Networks forecasting method can be applied in residential energy management.

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