• Title/Summary/Keyword: Forecasting accuracy

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Short-Term Load Forecast in Microgrids using Artificial Neural Networks (신경회로망을 이용한 마이크로그리드 단기 전력부하 예측)

  • Chung, Dae-Won;Yang, Seung-Hak;You, Yong-Min;Yoon, Keun-Young
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.66 no.4
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    • pp.621-628
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    • 2017
  • This paper presents an artificial neural network (ANN) based model with a back-propagation algorithm for short-term load forecasting in microgrid power systems. Owing to the significant weather factors for such purpose, relevant input variables were selected in order to improve the forecasting accuracy. As remarked above, forecasting is more complex in a microgrid because of the increased variability of disaggregated load curves. Accurate forecasting in a microgrid will depend on the variables employed and the way they are presented to the ANN. This study also shows numerically that there is a close relationship between forecast errors and the number of training patterns used, and so it is necessary to carefully select the training data to be employed with the system. Finally, this work demonstrates that the concept of load forecasting and the ANN tools employed are also applicable to the microgrid domain with very good results, showing that small errors of Mean Absolute Percentage Error (MAPE) around 3% are achievable.

A Multiple Variable Regression-based Approaches to Long-term Electricity Demand Forecasting

  • Ngoc, Lan Dong Thi;Van, Khai Phan;Trang, Ngo-Thi-Thu;Choi, Gyoo Seok;Nguyen, Ha-Nam
    • International journal of advanced smart convergence
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    • v.10 no.4
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    • pp.59-65
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    • 2021
  • Electricity contributes to the development of the economy. Therefore, forecasting electricity demand plays an important role in the development of the electricity industry in particular and the economy in general. This study aims to provide a precise model for long-term electricity demand forecast in the residential sector by using three independent variables include: Population, Electricity price, Average annual income per capita; and the dependent variable is yearly electricity consumption. Based on the support of Multiple variable regression, the proposed method established a model with variables that relate to the forecast by ignoring variables that do not affect lead to forecasting errors. The proposed forecasting model was validated using historical data from Vietnam in the period 2013 and 2020. To illustrate the application of the proposed methodology, we presents a five-year demand forecast for the residential sector in Vietnam. When demand forecasts are performed using the predicted variables, the R square value measures model fit is up to 99.6% and overall accuracy (MAPE) of around 0.92% is obtained over the period 2018-2020. The proposed model indicates the population's impact on total national electricity demand.

Short-Term Wind Speed Forecast Based on Least Squares Support Vector Machine

  • Wang, Yanling;Zhou, Xing;Liang, Likai;Zhang, Mingjun;Zhang, Qiang;Niu, Zhiqiang
    • Journal of Information Processing Systems
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    • v.14 no.6
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    • pp.1385-1397
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    • 2018
  • There are many factors that affect the wind speed. In addition, the randomness of wind speed also leads to low prediction accuracy for wind speed. According to this situation, this paper constructs the short-time forecasting model based on the least squares support vector machines (LSSVM) to forecast the wind speed. The basis of the model used in this paper is support vector regression (SVR), which is used to calculate the regression relationships between the historical data and forecasting data of wind speed. In order to improve the forecast precision, historical data is clustered by cluster analysis so that the historical data whose changing trend is similar with the forecasting data can be filtered out. The filtered historical data is used as the training samples for SVR and the parameters would be optimized by particle swarm optimization (PSO). The forecasting model is tested by actual data and the forecast precision is more accurate than the industry standards. The results prove the feasibility and reliability of the model.

Intelligent System Predictor using Virtual Neural Predictive Model

  • 박상민
    • Proceedings of the Korea Society for Simulation Conference
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    • 1998.03a
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    • pp.101-105
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    • 1998
  • A large system predictor, which can perform prediction of sales trend in a huge number of distribution centers, is presented using neural predictive model. There are 20,000 number of distribution centers, and each distribution center need to forecast future demand in order to establish a reasonable inventory policy. Therefore, the number of forecasting models corresponds to the number of distribution centers, which is not possible to estimate that kind of huge number of accurate models in ERP (Enterprise Resource Planning)module. Multilayer neural net as universal approximation is employed for fitting the prediction model. In order to improve prediction accuracy, a sequential simulation procedure is performed to get appropriate network structure and also to improve forecasting accuracy. The proposed simulation procedure includes neural structure identification and virtual predictive model generation. The predictive model generation consists of generating virtual signals and estimating predictive model. The virtual predictive model plays a key role in tuning the real model by absorbing the real model errors. The complement approach, based on real and virtual model, could forecast the future demands of various distribution centers.

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Short-term load forecasting using compact neural networks (최소 구조 신경회로망을 이용한 단기 전력 수요 예측)

  • Ha, Seong-Kwan;Song, Kyung-Bin
    • Proceedings of the KIEE Conference
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    • 2004.11b
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    • pp.91-93
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    • 2004
  • Load forecasting is essential in order to supply electrical energy stably and economically in power systems. ANNs have flexibility to predict a nonlinear feature of load profiles. In this paper, we selected just the necessary input variables used in the paper(2) which is based on the phase-space embedding of a load time-series and reviewing others. So only 5 input variables were selected to forecast for spring, fall and winter season and another input considering temperature sensitivity is added during the summer season. The training cases are also selected from all previous data composed training cases of a 7-day, 14-day and 30-day period. Finally, we selected the training case of a 7-day period because it can be used in STLF without sacrificing the accuracy of the forecast. This allows more compact ANNs, smaller training cases. Consequently, test results show that compact neural networks can be forecasted without sacrificing the accuracy.

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6-Parametric factor model with long short-term memory

  • Choi, Janghoon
    • Communications for Statistical Applications and Methods
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    • v.28 no.5
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    • pp.521-536
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    • 2021
  • As life expectancies increase continuously over the world, the accuracy of forecasting mortality is more and more important to maintain social systems in the aging era. Currently, the most popular model used is the Lee-Carter model but various studies have been conducted to improve this model with one of them being 6-parametric factor model (6-PFM) which is introduced in this paper. To this new model, long short-term memory (LSTM) and regularized LSTM are applied in addition to vector autoregression (VAR), which is a traditional time-series method. Forecasting accuracies of several models, including the LC model, 4-PFM, 5-PFM, and 3 6-PFM's, are compared by using the U.S. and Korea life-tables. The results show that 6-PFM forecasts better than the other models (LC model, 4-PFM, and 5-PFM). Among the three 6-PFMs studied, regularized LSTM performs better than the other two methods for most of the tests.

Discovering Promising Convergence Technologies Using Network Analysis of Maturity and Dependency of Technology (기술 성숙도 및 의존도의 네트워크 분석을 통한 유망 융합 기술 발굴 방법론)

  • Choi, Hochang;Kwahk, Kee-Young;Kim, Namgyu
    • Journal of Intelligence and Information Systems
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    • v.24 no.1
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    • pp.101-124
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    • 2018
  • Recently, most of the technologies have been developed in various forms through the advancement of single technology or interaction with other technologies. Particularly, these technologies have the characteristic of the convergence caused by the interaction between two or more techniques. In addition, efforts in responding to technological changes by advance are continuously increasing through forecasting promising convergence technologies that will emerge in the near future. According to this phenomenon, many researchers are attempting to perform various analyses about forecasting promising convergence technologies. A convergence technology has characteristics of various technologies according to the principle of generation. Therefore, forecasting promising convergence technologies is much more difficult than forecasting general technologies with high growth potential. Nevertheless, some achievements have been confirmed in an attempt to forecasting promising technologies using big data analysis and social network analysis. Studies of convergence technology through data analysis are actively conducted with the theme of discovering new convergence technologies and analyzing their trends. According that, information about new convergence technologies is being provided more abundantly than in the past. However, existing methods in analyzing convergence technology have some limitations. Firstly, most studies deal with convergence technology analyze data through predefined technology classifications. The technologies appearing recently tend to have characteristics of convergence and thus consist of technologies from various fields. In other words, the new convergence technologies may not belong to the defined classification. Therefore, the existing method does not properly reflect the dynamic change of the convergence phenomenon. Secondly, in order to forecast the promising convergence technologies, most of the existing analysis method use the general purpose indicators in process. This method does not fully utilize the specificity of convergence phenomenon. The new convergence technology is highly dependent on the existing technology, which is the origin of that technology. Based on that, it can grow into the independent field or disappear rapidly, according to the change of the dependent technology. In the existing analysis, the potential growth of convergence technology is judged through the traditional indicators designed from the general purpose. However, these indicators do not reflect the principle of convergence. In other words, these indicators do not reflect the characteristics of convergence technology, which brings the meaning of new technologies emerge through two or more mature technologies and grown technologies affect the creation of another technology. Thirdly, previous studies do not provide objective methods for evaluating the accuracy of models in forecasting promising convergence technologies. In the studies of convergence technology, the subject of forecasting promising technologies was relatively insufficient due to the complexity of the field. Therefore, it is difficult to find a method to evaluate the accuracy of the model that forecasting promising convergence technologies. In order to activate the field of forecasting promising convergence technology, it is important to establish a method for objectively verifying and evaluating the accuracy of the model proposed by each study. To overcome these limitations, we propose a new method for analysis of convergence technologies. First of all, through topic modeling, we derive a new technology classification in terms of text content. It reflects the dynamic change of the actual technology market, not the existing fixed classification standard. In addition, we identify the influence relationships between technologies through the topic correspondence weights of each document, and structuralize them into a network. In addition, we devise a centrality indicator (PGC, potential growth centrality) to forecast the future growth of technology by utilizing the centrality information of each technology. It reflects the convergence characteristics of each technology, according to technology maturity and interdependence between technologies. Along with this, we propose a method to evaluate the accuracy of forecasting model by measuring the growth rate of promising technology. It is based on the variation of potential growth centrality by period. In this paper, we conduct experiments with 13,477 patent documents dealing with technical contents to evaluate the performance and practical applicability of the proposed method. As a result, it is confirmed that the forecast model based on a centrality indicator of the proposed method has a maximum forecast accuracy of about 2.88 times higher than the accuracy of the forecast model based on the currently used network indicators.

A Three-dimensional Numerical Weather Model using Power Output Predict of Distributed Power Source (3차원 기상 수치 모델을 이용한 분산형 전원의 출력 예)

  • Jeong, Yoon-Su;Kim, Yong-Tae;Park, Gil-Cheol
    • Journal of Convergence Society for SMB
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    • v.6 no.4
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    • pp.93-98
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    • 2016
  • Recently, the project related to the smart grid are being actively studied around the developed world. In particular, the long-term stabilization measures distributed power supply problem has been highlighted. In this paper, we propose a three-dimensional numerical weather prediction models to compare the error rate information which combined with the physical models and statistical models to predict the output of distributed power. Proposed model can predict the system for a stable power grid-can improve the prediction information of the distributed power. In performance evaluation, proposed model was a generation forecasting accuracy improved by 4.6%, temperature compensated prediction accuracy was improved by 3.5%. Finally, the solar radiation correction accuracy is improved by 1.1%.

How Accurate are the Telephone Polls in Korea? (전화여론조사의 예측정확도 분석)

  • Cho, Sung-Kyum
    • Survey Research
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    • v.10 no.1
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    • pp.57-72
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    • 2009
  • In Korea, telephone surveys have been used in election forecasting since 1992. In some elections, predictions were excellent, but in some elections, the predictions based on telephone surveys were not good. So, exit polls have been used along with the telephone surveys in predicting election outcomes since 2001 by the major broadcasting networks. Though telephone surveys, in general, have been less accurate than exit polls in election forecasting from 2000 to 2003, they were more accurate in the 2004 General Election than the exit polls. All predictions on the winners by the telephone surveys turned out to be accurate. But such success has not persisted. In the 2008 General Election, the telephone surveys was less accurate than the exit polls and actually its accuracy fell clown to the level of the 2000 General Election. This paper tried to find out. the factors responsible for the fluctuation of the accuracy of telephone polls.

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Mean Field Bias Correction of the Very-Short-Range-Forecast Rainfall using the Kalman Filter (Kalman Filter를 이용한 초단기 예측강우의 편의 보정)

  • Yoo, Chul-Sang;Kim, Jung-Ho;Chung, Jae-Hak;Yang, Dong-Min
    • Journal of the Korean Society of Hazard Mitigation
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    • v.11 no.3
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    • pp.17-28
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    • 2011
  • This study applied the Kalman Filter for real-time forecasting the G/R (ground rain gauge rainfall/radar rainfall) ratio to correct the mean field bias of the very-short-range-forecast (VSRF) rainfall. The MAPLE-forecasted rainfall was used as the VSRF rainfall, also the methodology for deciding the G/R ratio was improved by evaluating the change of G/R ratio characteristics depending on the threshold and accumulation time. This analysis was done for the inland, mountain, and coastal regions, separately, for their comparison. As the results, more stable G/R ratio could be estimated by applying the threshold and accumulation time, whose forecasting accuracy could also be secured. The accuracy of the corrected rainfall forecasting by the forecasted G/R ratio was the best in the inland region but the worst in the coastal region.