With the increasing importance of wind power as a component of power systems, the problems induced by the stochastic and intermittent nature of wind speed have compelled system operators and ...researchers to search for more reliable techniques to forecast wind speed. This paper proposes a combination model for probabilistic short-term wind speed forecasting. In this proposed hybrid approach, EWT (Empirical Wavelet Transform) is employed to extract meaningful information from a wind speed series by designing an appropriate wavelet filter bank. The GPR (Gaussian Process Regression) model is utilized to combine independent forecasts generated by various forecasting engines (ARIMA (Autoregressive Integrated Moving Average), ELM (Extreme Learning Machine), SVM (Support Vector Machine) and LSSVM (Least Square SVM)) in a nonlinear way rather than the commonly used linear way. The proposed approach provides more probabilistic information for wind speed predictions besides improving the forecasting accuracy for single-value predictions. The effectiveness of the proposed approach is demonstrated with wind speed data from two wind farms in China. The results indicate that the individual forecasting engines do not consistently forecast short-term wind speed for the two sites, and the proposed combination method can generate a more reliable and accurate forecast.
•The proposed approach can make probabilistic modeling for wind speed series.•The proposed approach adapts to the time-varying characteristic of the wind speed.•The hybrid approach can extract the meaningful components from the wind speed series.•The proposed method can generate adaptive, reliable and more accurate forecasting results.•The proposed model combines four independent forecasting engines in a nonlinear way.
•A data preprocessing approach named the dual decomposition strategy is developed.•A novel forecasting system is developed for electricity price forecasting.•The accuracy and stability of the ...forecasting system are improved simultaneously.•The applicability and effectiveness are verified in a real electricity market.
Electricity price forecasting plays a crucial role in balancing electricity generation and consumption, which is of great political and economic significance for all of society but is still a challenging task. However, in previous studies, most researchers have focused on improving either forecasting accuracy or stability while ignoring the significance of performing these tasks simultaneously. More importantly, few researchers have deeply studied the data preprocessing strategy, only focusing on the application of individual decomposition approaches. Therefore, a novel hybrid forecasting system based on a dual decomposition strategy and multi-objective optimization is developed for electricity price forecasting that includes four modules: a data preprocessing module, optimization module, forecasting module and evaluation module. In this system, an effective multi-objective optimization algorithm is employed to guarantee simultaneous improvements in accuracy and stability. In addition, an improved data preprocessing approach named the dual decomposition strategy is developed, which successfully overcomes the potential drawback of the individual decomposition approach and further improves the effectiveness of the developed forecasting system. Moreover, the evaluation module is incorporated to verify the superiority of the developed forecasting system. Case studies utilizing half-hourly electricity price data collected from New South Wales, Australia are employed as examples. The results prove the superiority of the multi-objective optimization algorithm and the developed dual decomposition strategy and reveal that the developed forecasting system outperforms all of the considered comparison models, which shows its better ability to forecast future electricity prices with better accuracy and stability.
Carbon price forecasting is an important component of a sound carbon price market mechanism. The accurate prediction of carbon prices is an active topic of research. However, many previous studies ...have focused on the application of a single model, ignoring the application of combination strategies. In this study, a hybrid forecasting system that includes error correction strategy and divide-conquer strategy is designed to predict the carbon price series accurately. Specifically, the main framework of this article comprises four modules. Data preprocessing module of the divide and conquer strategy is proposed. Next, the optimization module uses a multi-objective grasshopper optimization algorithm to enhance the performance of the prediction module. Then, the error correction module predicts the error sequence and corrects the model results. To verify the performance of the established hybrid forecasting system, experiments were performed using two real carbon price series from China and European Union emissions trading schemes, and the results showed that the mean absolute percentage errors of the system were 2.7793% and 0.6720%, respectively, which are better than the other benchmark methods considered. Moreover, it was proved that the designed forecasting system provides a new, effective, and feasible solution for carbon price forecasting.
•An advanced preprocessing strategy is applied to process the signal.•ORELM model is improved by multi-objective optimization strategy.•Datasets for different regions are used in the experiment.•Multiple evaluation metrics for testing system performance.
Air pollution has become a serious issue in many developing countries, especially in China, and could generate adverse effects on human beings. Air quality early-warning systems play an increasingly ...significant role in regulatory plans that reduce and control emissions of air pollutants and inform the public in advance when harmful air pollution is foreseen. However, building a robust early-warning system that will improve the ability of early-warning is not only a challenge but also a critical issue for the entire society. Relevant research is still poor in China and cannot always satisfy the growing requirements of regulatory planning, despite the issue's significance. Therefore, in this paper, a hybrid air quality early-warning system was successfully developed, composed of forecasting and evaluation. First, a hybrid forecasting model was proposed as an important part of this system based on the theory of “decomposition and ensemble” and combined with the advanced data processing technique, support vector machine, the latest bio-inspired optimization algorithm and the leave-one-out strategy for deciding weights. Afterwards, to intensify the research, fuzzy evaluation was performed, which also plays an indispensable role in the early-warning system. The forecasting model and fuzzy evaluation approaches are complementary. Case studies using daily air pollution concentrations of six air pollutants from three cities in China (i.e., Taiyuan, Harbin and Chongqing) are used as examples to evaluate the efficiency and effectiveness of the developed air quality early-warning system. Experimental results demonstrate that both the accuracy and the effectiveness of the developed system are greatly superior for air quality early warning. Furthermore, the application of forecasting and evaluation enables the informative and effective quantification of future air quality, offering a significant advantage, and can be employed to develop rapid air quality early-warning systems.
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•A novel air quality early-warning system is developed for cities in China.•A hybrid model named ICEEMD-WOA-SVM is proposed for forecasting major pollutants.•The fuzzy framework is used to transform forecast results into air-quality forecasts.•A novel deciding weight method is proposed based on leave-one-out strategy and WOA.•The results are validated well in Taiyuan, Harbin and Chongqing, China.
Electrical power system (EPS) forecasting plays a significant role in economic and social development but it remains an extremely challenging task. Because of its significance, relevant studies on ...EPS are especially needed. More specifically, only a few of the previous studies in this area conducted in-depth investigations of the entire EPS forecasting and merely focused on modeling individual signals centered on wind speed or electrical load. Moreover, most of these past studies concentrated on accuracy improvements and usually ignore the significance of forecasting stability. Therefore, to simultaneously achieve high accuracy and dependable stability, a hybrid forecasting framework based on the multi-objective dragonfly algorithm (MODA) was successfully developed in this study. The framework consists of four modules—data preprocessing, optimization, forecasting, and evaluation modules. In this framework, MODA is employed to optimize the Elman neural network (ENN) model as a part of the optimization module to overcome the drawbacks of single-objective optimization algorithms. In addition, data preprocessing and evaluation modules are incorporated to improve forecasting performance and conduct a comprehensive evaluation for this framework, respectively. Empirical results reveal that the developed forecasting framework can be an effective tool for the planning and management of power grids.
•A novel forecasting framework is developed for electrical power system.•Propose a modified Elman neural network based on multi-objective optimization.•The accuracy and stability of developed framework are improved simultaneously.•The results are validated well in a whole electrical power system.
In this paper, a modified EMD-FNN model (empirical mode decomposition (EMD) based feed-forward neural network (FNN) ensemble learning paradigm) is proposed for wind speed forecasting. The nonlinear ...and non-stationary original wind speed series is first decomposed into a finite and often small number of intrinsic mode functions (IMFs) and one residual series using EMD technique for a deep insight into the data structure. Then these sub-series except the high frequency are forecasted respectively by FNN whose input variables are selected by using partial autocorrelation function (PACF). Finally, the prediction results of the modeled IMFs and residual series are summed to formulate an ensemble forecast for the original wind speed series. Further more, the developed model shows the best accuracy comparing with basic FNN and unmodified EMD-based FNN through multi-step forecasting the mean monthly and daily wind speed in Zhangye of China.
► Multi-step forecasting for nonlinear and non-stationary wind speed series. ► EMD technique is used for a deep insight into the data structure. ► Use the robust FNN model for forecasting the sub-series obtained from EMD. ► PACF is used to select the input variables for FNNs. ► Get rid of the high frequency to improve forecasting precision.
•An advanced forecasting system is proposed for short-term wind speed prediction.•The data pre-processing technique can extract effective information from the raw sequences and eliminate the ...volatility and uncertainty of the data.•Choose the appropriate benchmark models in different situations based on optimal benchmark model selection strategy.•A multi-objective optimizer is applied to find the optimal weights and a theoretical proof indicates that the weights assigned by this optimizer are Pareto optimal solutions.•Our proposed forecasting system can quantify the uncertainty of the wind speed sequences.
Facing the increasing depletion of traditional energy resources and the worsening environmental issues, wind energy sources have been widely considered. As an essential renewable energy resource, wind energy features abundant deposits, extensive distribution, non-pollution, etc. In recent years, wind power generation occupies a non-negligible position in the electric power industry. Stable and reliable power system operation demands accurate wind speed prediction (WSP), but the inherent randomness of wind speed sequences complicates their fluctuations and causes them to be uncontrollable. In this paper, an innovative WSP system is proposed, which combines data pre-processing technique, benchmark model selection, an advanced optimizer for point forecast and interval forecast. Furthermore, this paper theoretically demonstrates that the weights allocated by this optimizer are Pareto optimal solutions. Six interval data from two sites in China are utilized to validate the forecasting performance of our developed model. The experimental results indicate that the developed model can achieve superior accuracy compared to the tested models in all cases for point forecast, and also obtains the forecasting interval with high coverage and low width error, which is an extremely crucial instruction to guarantee the security and stability of the power system.
•A novel EMD–ENN model is proposed to forecast wind speed.•In EMD–ENN, the EMD is adopted to decompose the original data.•In EMD–ENN, the ENN is used to build the prediction models for each ...sub-series.•Four datasets of wind speed are used to demonstrate the proposed approach.•It is concluded that the proposed approach can improve the prediction accuracy and is very effective.
Because of the chaotic nature and intrinsic complexity of wind speed, it is difficult to describe the moving tendency of wind speed and accurately forecast it. In our study, a novel EMD–ENN approach, a hybrid of empirical mode decomposition (EMD) and Elman neural network (ENN), is proposed to forecast wind speed. First, the original wind speed datasets are decomposed into a collection of intrinsic mode functions (IMFs) and a residue by EMD, yielding relatively stationary sub-series that can be readily modeled by neural networks. Second, both IMF components and residue are applied to establish the corresponding ENN models. Then, each sub-series is predicted using the corresponding ENN. Finally, the prediction values of the original wind speed datasets are calculated by the sum of the forecasting values of every sub-series. Moreover, in the ENN modeling process, the neuron number of the input layer is determined by a partial autocorrelation function. Four prediction cases of wind speed are used to test the performance of the proposed hybrid approach. Compared with the persistent model, back-propagation neural network, and ENN, the simulation results show that the proposed EMD–ENN model consistently has the minimum statistical error of the mean absolute error, mean square error, and mean absolute percentage error. Thus, it is concluded that the proposed approach is suitable for wind speed prediction.
•Propose a kernel-based support vector regression combination model.•Combine models by using a novel individual model selection algorithm.•Provide a new way to kernel function selection of SVR ...model.•The performance and electric load forecast accuracy are assessed by two real cases.•Experiments show the superiority of the combination model compared to single kernel.
Kernel-based methods, such as support vector regression (SVR), have demonstrated satisfactory performance in short-term load forecasting (STLF) application. However, the good performance of kernel-based method depends on the selection of an appropriate kernel function that fits the learning target, unsuitable kernel function or hyper-parameters setting may lead to significantly poor performance. To get the optimal kernel function of STLF problem, this paper proposes a kernel-based SVR combination model by using a novel individual model selection algorithm. Moreover, the proposed combination model provides a new way to kernel function selection of SVR model. The performance and electric load forecast accuracy of the proposed model are assessed by means of real data from the Australia and California Power Grid, respectively. The simulation results from numerical tables and figures show that the proposed combination model increases electric load forecasting accuracy compared to the best individual kernel-based SVR model.
In this paper, a hybrid forecasting approach, which combines the Ensemble Empirical Mode Decomposition (EEMD) and the Support Vector Machine (SVM), is proposed to improve the quality of wind speed ...forecasting. The essence of the methodology incorporates three phases. First, the original data of wind speed are decomposed into a number of independent Intrinsic Mode Functions (IMFs) and one residual series by EEMD using the principle of decomposition. In order to forecast these IMFs, excepting the highest frequency acquired by EEMD, the respective estimates are yielded using the SVM algorithm. Finally, these respective estimates are combined into the final wind speed forecasts using the principle of ensemble. The proposed hybrid method is examined by forecasting the mean monthly wind speed of three wind farms located in northwest China. The obtained results confirm an observable improvement for the forecasting validity of the proposed hybrid approach. This tool shows great promise for the forecasting of intricate time series which are intrinsically highly volatile and irregular.
•A hybrid approach is put forward to solve the wind speed with high volatility and irregularity.•The proposed hybrid method can integrate the advantages of other individual models.•The hybrid method contributes to boosting the model forecasting capacity and enhancing forecasting efficiency.•Empirical results demonstrate that the proposed method is a promising tool to forecast complex time series.
