Long term load forecasting with hourly predictions based on long-short-term-memory networks

2018 ◽  
Author(s):  
Rahul Kumar Agrawal ◽  
Frankle Muchahary ◽  
Madan Mohan Tripathi
Keyword(s):  
Short Term Memory ◽  
Load Forecasting ◽  
Short Term ◽  
Term Memory ◽  
Long Short Term Memory

Peak Load Forecasting Using Long-Short Term Memory : Case Study of Jawa-Madura-Bali System

2021 ◽  
Author(s):  
Anindita Satria Surya ◽  
Musa Partahi Marbun ◽  
K.G.H. Mangunkusumo ◽  
Muhammad Ridwan
Keyword(s):  
Short Term Memory ◽  
Peak Load ◽  
Load Forecasting ◽  
Short Term ◽  
Term Memory ◽  
Long Short Term Memory

scholarly journals Long Short Term Memory Recurrent Network for Standard and Poor’s 500 Index Modelling

2018 ◽  
Vol 7 (4.15) ◽  
pp. 25 ◽  
Author(s):  
Said Jadid Abdulkadir ◽  
Hitham Alhussian ◽  
Muhammad Nazmi ◽  
Asim A Elsheikh
Keyword(s):  
Neural Network ◽  
Time Series ◽  
Recurrent Neural Network ◽  
Time Series Data ◽  
Short Term Memory ◽  
Series Data ◽  
Short Term ◽  
Term Memory ◽  
Long Short Term Memory

Forecasting time-series data are imperative especially when planning is required through modelling using uncertain knowledge of future events. Recurrent neural network models have been applied in the industry and outperform standard artificial neural networks in forecasting, but fail in long term time-series forecasting due to the vanishing gradient problem. This study offers a robust solution that can be implemented for long-term forecasting using a special architecture of recurrent neural network known as Long Short Term Memory (LSTM) model to overcome the vanishing gradient problem. LSTM is specially designed to avoid the long-term dependency problem as their default behavior. Empirical analysis is performed using quantitative forecasting metrics and comparative model performance on the forecasted outputs. An evaluation analysis is performed to validate that the LSTM model provides better forecasted outputs on Standard & Poor’s 500 Index (S&P 500) in terms of error metrics as compared to other forecasting models.  

scholarly journals Deep Neural Network and Long Short-Term Memory for Electric Power Load Forecasting

2020 ◽  
Vol 10 (18) ◽  
pp. 6489
Author(s):  
Namrye Son ◽  
Seunghak Yang ◽  
Jeongseung Na
Keyword(s):  
Power Consumption ◽  
Short Term Memory ◽  
Load Forecasting ◽  
Power Demand ◽  
Short Term ◽  
Power Load ◽  
Short And Long Term ◽  
Long Short Term Memory ◽  
Electric Power Load

Forecasting domestic and foreign power demand is crucial for planning the operation and expansion of facilities. Power demand patterns are very complex owing to energy market deregulation. Therefore, developing an appropriate power forecasting model for an electrical grid is challenging. In particular, when consumers use power irregularly, the utility cannot accurately predict short- and long-term power consumption. Utilities that experience short- and long-term power demands cannot operate power supplies reliably; in worst-case scenarios, blackouts occur. Therefore, the utility must predict the power demands by analyzing the customers’ power consumption patterns for power supply stabilization. For this, a medium- and long-term power forecasting is proposed. The electricity demand forecast was divided into medium-term and long-term load forecast for customers with different power consumption patterns. Among various deep learning methods, deep neural networks (DNNs) and long short-term memory (LSTM) were employed for the time series prediction. The DNN and LSTM performances were compared to verify the proposed model. The two models were tested, and the results were examined with the accuracies of the six most commonly used evaluation measures in the medium- and long-term electric power load forecasting. The DNN outperformed the LSTM, regardless of the customer’s power pattern.

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