Related papers: Short-Term Load Forecasting: The Similar Shape Fun…
We address the problem of forecasting high-dimensional functional time series through a two-fold dimension reduction procedure. The difficulty of forecasting high-dimensional functional time series lies in the curse of dimensionality. In…
Load forecasting is essential for the efficient, reliable, and cost-effective management of power systems. Load forecasting performance can be improved by learning the similarities among multiple entities (e.g., regions, buildings).…
Short-term forecasts of energy consumption are invaluable for the operation of energy systems, including low voltage electricity networks. However, network loads are challenging to predict when highly desegregated to small numbers of…
Power load forecast with Machine Learning is a fairly mature application of artificial intelligence and it is indispensable in operation, control and planning. Data selection techniqies have been hardly used in this application. However,…
Due to the limitation of data availability, traditional power load forecasting methods focus more on studying the load variation pattern and the influence of only a few factors such as temperature and holidays, which fail to reveal the…
Conformal prediction has recently emerged as a promising strategy for quantifying the uncertainty of a predictive model; these algorithms modify the model to output sets of labels that are guaranteed to contain the true label with high…
Accurate load prediction is an effective way to reduce power system operation costs. Traditionally, the mean square error (MSE) is a common-used loss function to guide the training of an accurate load forecasting model. However, the MSE…
A functional time series approach is proposed for investigating spatial correlation in daily maximum temperature forecast errors for 111 cities spread across the U.S. The modelling of spatial correlation is most fruitful for longer forecast…
In economics and many other forecasting domains, the real world problems are too complex for a single model that assumes a specific data generation process. The forecasting performance of different methods changes depending on the nature of…
Multivariate spatio-temporal data arise more and more frequently in a wide range of applications; however, there are relatively few general statistical methods that can readily use that incorporate spatial, temporal and variable…
Time series forecasting plays an increasingly important role in modern business decisions. In today's data-rich environment, people often aim to choose the optimal forecasting model for their data. However, identifying the optimal model…
We consider forecasting functional time series of extreme values within a generalised extreme value distribution (GEV). The GEV distribution can be characterised using the three parameters (location, scale and shape). As a result, the…
We consider the prediction problem of a continuous-time stochastic process on an entire time-interval in terms of its recent past. The approach we adopt is based on functional kernel nonparametric regression estimation techniques where…
Motivated by the need for accurate traffic flow prediction in transportation management, we propose a functional data method to analyze traffic flow patterns and predict future traffic flow. In this study we approach the problem by sampling…
Meteorological factors (MF) are crucial in day-ahead load forecasting as they significantly influence the electricity consumption behaviors of consumers. Numerous studies have incorporated MF into the load forecasting model to achieve…
Load forecasting is one of the most important and studied topics in modern power systems. Most of the existing researches on day-ahead load forecasting try to build a good model to improve the forecasting accuracy. The forecasted load is…
The proposed method in this paper is designed to address the problem of time series forecasting. Although some exquisitely designed models achieve excellent prediction performances, how to extract more useful information and make accurate…
Short term load forecasts will play a key role in the implementation of smart electricity grids. They are required to optimise a wide range of potential network solutions on the low voltage (LV) grid, including integrating low carbon…
Conventional time-series forecasting methods typically aim to minimize overall prediction error, without accounting for the varying importance of different forecast ranges in downstream applications. We propose a training methodology that…
Forecasting is an indispensable element of operational research (OR) and an important aid to planning. The accurate estimation of the forecast uncertainty facilitates several operations management activities, predominantly in supporting…