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Accurate short-term power load forecasting is important to effectively manage, optimize, and ensure the robustness of modern power systems. This paper performs an empirical evaluation of a traditional statistical model and deep learning…

Machine Learning · Computer Science 2026-03-10 Suhasnadh Reddy Veluru , Sai Teja Erukude , Viswa Chaitanya Marella

Accurate electricity forecasting is crucial for grid stability and energy planning, especially in Benghazi, Libya, where frequent load shedding, generation deficits, and infrastructure limitations persist. This study proposes a data-driven…

Machine Learning · Computer Science 2025-12-05 Asma Agaal , Mansour Essgaer , Hend M. Farkash , Zulaiha Ali Othman

Accurate demand forecasting is critical for brick-and-mortar retailers to optimize inventory management and minimize costs. This study evaluates statistical baselines, tree-based ensembles (XGBoost and LightGBM), and deep learning…

Machine Learning · Computer Science 2026-03-12 Luka Hobor , Mario Brcic , Lidija Polutnik , Ante Kapetanovic

Short-term load forecasting (STLF) is vital for the effective and economic operation of power grids and energy markets. However, the non-linearity and non-stationarity of electricity demand as well as its dependency on various external…

In the pharmaceutical industry, where it is common to generate many QSAR models with large numbers of molecules and descriptors, the best QSAR methods are those that can generate the most accurate predictions but that are also insensitive…

Biomolecules · Quantitative Biology 2021-05-19 Robert P. Sheridan , Andy Liaw , Matthew Tudor

The recent development of advanced machine learning methods for hybrid models has greatly addressed the need for the correct prediction of electrical prices. This method combines AlexNet and LSTM algorithms, which are used to introduce a…

The rising integration of variable renewable energy sources (RES), like solar and wind power, introduces considerable uncertainty in grid operations and energy management. Effective forecasting models are essential for grid operators to…

Systems and Control · Electrical Eng. & Systems 2024-08-02 Jesus Silva-Rodriguez , Elias Raffoul , Xingpeng Li

Several approaches have been proposed to forecast day-ahead locational marginal price (daLMP) in deregulated energy markets. The rise of deep learning has motivated its use in energy price forecasts but most deep learning approaches fail to…

Machine Learning · Computer Science 2020-10-14 Dipanwita Saha , Felipe Lopez

Recent studies concerning the point electricity price forecasting have shown evidence that the hourly German Intraday Continuous Market is weak-form efficient. Therefore, we take a novel, advanced approach to the problem. A probabilistic…

Statistical Finance · Quantitative Finance 2021-02-02 Michał Narajewski , Florian Ziel

How can short-term energy consumption be accurately forecasted when sensor data is noisy, incomplete, and lacks contextual richness? This question guided our participation in the \textit{2025 Competition on Electric Energy Consumption…

Machine Learning · Computer Science 2025-10-21 Sarah Al-Shareeda , Gulcihan Ozdemir , Heung Seok Jeon , Khaleel Ahmad

Accurate electricity load forecasting is essential for grid stability, resource optimization, and renewable energy integration. While transformer-based deep learning models like TimeGPT have gained traction in time-series forecasting, their…

Machine Learning · Computer Science 2025-05-19 Millend Roy , Vladimir Pyltsov , Yinbo Hu

A novel methodology for short-term energy forecasting using an Extreme Learning Machine ($\mathtt{ELM}$) is proposed. Using six years of hourly data collected in Corsica (France) from multiple energy sources (solar, wind, hydro, thermal,…

Electricity market prices exhibit extreme volatility, nonlinearity, and non-stationarity, making accurate forecasting a significant challenge. While cutting-edge time series foundation models (TSFMs) effectively capture temporal…

Machine Learning · Computer Science 2026-03-10 Yunzhong Qiu , Binzhu Li , Hao Wei , Shenglin Weng , Chen Wang , Zhongyi Pei , Mingsheng Long , Jianmin Wang

Electricity demand forecasting is a well established research field. Usually this task is performed considering historical loads, weather forecasts, calendar information and known major events. Recently attention has been given on the…

Machine Learning · Computer Science 2023-09-14 Yun Bai , Simon Camal , Andrea Michiorri

This paper undertakes a comprehensive investigation of electricity price forecasting methods, focused on the Irish Integrated Single Electricity Market, particularly on changes during recent periods of high volatility. The primary objective…

Machine Learning · Computer Science 2024-08-13 Ben Harkin , Xueqin Liu

This study aims to develop and improve machine learning-based post-processing models for precipitation, temperature, and wind speed predictions using the Mesoscale Model (MSM) dataset provided by the Japan Meteorological Agency (JMA) for 18…

Atmospheric and Oceanic Physics · Physics 2026-04-22 Kazuma Iwase , Tomoyuki Takenawa

Heat pumps (HPs) have emerged as a cost-effective and clean technology for sustainable energy systems, but their efficiency in producing hot water remains restricted by conventional threshold-based control methods. Although machine learning…

Machine Learning · Computer Science 2025-06-23 Manal Rahal , Bestoun S. Ahmed , Roger Renstrom , Robert Stener , Albrecht Wurtz

Energy is a critical driver of modern economic systems. Accurate energy price forecasting plays an important role in supporting decision-making at various levels, from operational purchasing decisions at individual business organizations to…

Machine Learning · Computer Science 2024-11-07 Alexandru-Victor Andrei , Georg Velev , Filip-Mihai Toma , Daniel Traian Pele , Stefan Lessmann

Due to the liberalization of markets, the change in the energy mix and the surrounding energy laws, electricity research is a dynamically altering field with steadily changing challenges. One challenge especially for investment decisions is…

Statistical Finance · Quantitative Finance 2018-12-27 Rick Steinert , Florian Ziel

Accurate prediction of food delivery times significantly impacts customer satisfaction, operational efficiency, and profitability in food delivery services. However, existing studies primarily utilize static historical data and often…

Machine Learning · Computer Science 2025-03-20 Ananya Garg , Mohmmad Ayaan , Swara Parekh , Vikranth Udandarao