• Title/Summary/Keyword: mean absolute percentage error (MAPE)

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Estimation Method of Predicted Time Series Data Based on Absolute Maximum Value (최대 절대값 기반 시계열 데이터 예측 모델 평가 기법)

  • Shin, Ki-Hoon;Kim, Chul;Nam, Sang-Hun;Park, Sung-Jae;Yoo, Sung-Soo
    • Journal of Energy Engineering
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    • v.27 no.4
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    • pp.103-110
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    • 2018
  • In this paper, we introduce evaluation method of time series prediction model with new approach of Mean Absolute Percentage Error(hereafter MAPE) and Symmetric Mean Absolute Percentage Error(hereafter sMAPE). There are some problems using MAPE and sMAPE. First MAPE can't evaluate Zero observation of dataset. Moreover, when the observed value is very close to zero it evaluate heavier than other methods. Finally it evaluate different measure even same error between observations and predicted values. And sMAPE does different evaluations are made depending on whether the same error value is over-predicted or under-predicted. And it has different measurement according to the each sign, even if error is the same distance. These problems were solved by Maximum Mean Absolute Percentage Error(hereafter mMAPE). we used the absolute maximum of observed value as denominator instead of the observed value in MAPE, when the value is less than 1, removed denominator then solved the problem that the zero value is not defined. and were able to prevent heavier measurement problem. Also, if the absolute maximum of observed value is greater than 1, the evaluation values of mMAPE were compared with those of the other evaluations. With Beijing PM2.5 temperature data and our simulation data, we compared the evaluation values of mMAPE with other evaluations. And we proved that mMAPE can solve the problems that we mentioned.

Short-term Power Consumption Forecasting Based on IoT Power Meter with LSTM and GRU Deep Learning (LSTM과 GRU 딥러닝 IoT 파워미터 기반의 단기 전력사용량 예측)

  • Lee, Seon-Min;Sun, Young-Ghyu;Lee, Jiyoung;Lee, Donggu;Cho, Eun-Il;Park, Dae-Hyun;Kim, Yong-Bum;Sim, Isaac;Kim, Jin-Young
    • The Journal of the Institute of Internet, Broadcasting and Communication
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    • v.19 no.5
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    • pp.79-85
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    • 2019
  • In this paper, we propose a short-term power forecasting method by applying Long Short Term Memory (LSTM) and Gated Recurrent Unit (GRU) neural network to Internet of Things (IoT) power meter. We analyze performance based on real power consumption data of households. Mean absolute error (MAE), mean absolute percentage error (MAPE), mean percentage error (MPE), mean squared error (MSE), and root mean squared error (RMSE) are used as performance evaluation indexes. The experimental results show that the GRU-based model improves the performance by 4.52% in the MAPE and 5.59% in the MPE compared to the LSTM-based model.

Study of Stochastic Techniques for Runoff Forecasting Accuracy in Gongju basin (추계학적 기법을 통한 공주지점 유출예측 연구)

  • Ahn, Jung Min;Hur, Young Teck;Hwang, Man Ha;Cheon, Geun Ho
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.31 no.1B
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    • pp.21-27
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    • 2011
  • When execute runoff forecasting, can not remove perfectly uncertainty of forecasting results. But, reduce uncertainty by various techniques analysis. This study applied various forecasting techniques for runoff prediction's accuracy elevation in Gongju basin. statics techniques is ESP, Period Average & Moving average, Exponential Smoothing, Winters, Auto regressive moving average process. Authoritativeness estimation with results of runoff forecasting by each techniques used MAE (Mean Absolute Error), RMSE (Root Mean Squared Error), RRMSE (Relative Root Mean Squared Error), Mean Absolute Percentage Error (MAPE), TIC (Theil Inequality Coefficient). Result that use MAE, RMSE, RRMSE, MAPE, TIC and confirm improvement effect of runoff forecasting, ESP techniques than the others displayed the best result.

Prediction of the interest spread using VAR model (벡터자기회귀모형에 의한 금리스프레드의 예측)

  • Kim, Junhong;Jin, Dalae;Lee, Jisun;Kim, Suji;Son, Young Sook
    • Journal of the Korean Data and Information Science Society
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    • v.23 no.6
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    • pp.1093-1102
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    • 2012
  • In this paper, we predicted the interest spread using the VAR (vector autoregressive) model. Variables used in the VAR model were selected among 56 domestic and foreign macroeconomic time series through crosscorrelation and Granger causality test. The performance of the VAR model was compared with the univariate time series model, AR (autoregressive) model, in view of MAPE (mean absolute percentage error) and RMSE (root mean square error) of forecasts for the last twelve months.

Performance comparison of SVM and ANN models for solar energy prediction (태양광 에너지 예측을 위한 SVM 및 ANN 모델의 성능 비교)

  • Jung, Wonseok;Jeong, Young-Hwa;Park, Moon-Ghu;Lee, Chang-Kyo;Seo, Jeongwook
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2018.10a
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    • pp.626-628
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    • 2018
  • In this paper, we compare the performances of SVM (Support Vector Machine) and ANN (Artificial Neural Network) machine learning models for predicting solar energy by using meteorological data. Two machine learning models were built by using fifteen kinds of weather data such as long and short wave radiation average, precipitation and temperature. Then the RBF (Radial Basis Function) parameters in the SVM model and the number of hidden layers/nodes and the regularization parameter in the ANN model were found by experimental studies. MAPE (Mean Absolute Percentage Error) and MAE (Mean Absolute Error) were considered as metrics for evaluating the performances of the SVM and ANN models. Sjoem Simulation results showed that the SVM model achieved the performances of MAPE=21.11 and MAE=2281417.65, and the ANN model did the performances of MAPE=19.54 and MAE=2155345.10776.

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Daily Peak Load Forecasting for Electricity Demand by Time series Models (시계열 모형을 이용한 일별 최대 전력 수요 예측 연구)

  • Lee, Jeong-Soon;Sohn, H.G.;Kim, S.
    • The Korean Journal of Applied Statistics
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    • v.26 no.2
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    • pp.349-360
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    • 2013
  • Forecasting the daily peak load for electricity demand is an important issue for future power plants and power management. We first introduce several time series models to predict the peak load for electricity demand and then compare the performance of models under the RMSE(root mean squared error) and MAPE(mean absolute percentage error) criteria.

Solar Energy Prediction Based on Artificial neural network Using Weather Data (태양광 에너지 예측을 위한 기상 데이터 기반의 인공 신경망 모델 구현)

  • Jung, Wonseok;Jeong, Young-Hwa;Park, Moon-Ghu;Seo, Jeongwook
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2018.05a
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    • pp.457-459
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    • 2018
  • Solar power generation system is a energy generation technology that produces electricity from solar power, and it is growing fastest among renewable energy technologies. It is of utmost importance that the solar power system supply energy to the load stably. However, due to unstable energy production due to weather and weather conditions, accurate prediction of energy production is needed. In this paper, an Artificial Neural Network(ANN) that predicts solar energy using 15 kinds of meteorological data such as precipitation, long and short wave radiation averages and temperature is implemented and its performance is evaluated. The ANN is constructed by adjusting hidden parameters and parameters such as penalty for preventing overfitting. In order to verify the accuracy and validity of the prediction model, we use Mean Absolute Percentage Error (MAPE) and Mean Absolute Error (MAE) as performance indices. The experimental results show that MAPE = 19.54 and MAE = 2155345.10776 when Hidden Layer $Sizes=^{\prime}16{\times}10^{\prime}$.

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A Study on the Comparison of Electricity Forecasting Models: Korea and China

  • Zheng, Xueyan;Kim, Sahm
    • Communications for Statistical Applications and Methods
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    • v.22 no.6
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    • pp.675-683
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    • 2015
  • In the 21st century, we now face the serious problems of the enormous consumption of the energy resources. Depending on the power consumption increases, both China and South Korea face a reduction in available resources. This paper considers the regression models and time-series models to compare the performance of the forecasting accuracy based on Mean Absolute Percentage Error (MAPE) in order to forecast the electricity demand accurately on the short-term period (68 months) data in Northeast China and find the relationship with Korea. Among the models the support vector regression (SVR) model shows superior performance than time-series models for the short-term period data and the time-series models show similar results with the SVR model when we use long-term period data.

City Gas Pipeline Pressure Prediction Model (도시가스 배관압력 예측모델)

  • Chung, Won Hee;Park, Giljoo;Gu, Yeong Hyeon;Kim, Sunghyun;Yoo, Seong Joon;Jo, Young-do
    • The Journal of Society for e-Business Studies
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    • v.23 no.2
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    • pp.33-47
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    • 2018
  • City gas pipelines are buried underground. Because of this, pipeline is hard to manage, and can be easily damaged. This research proposes a real time prediction system that helps experts can make decision about pressure anomalies. The gas pipline pressure data of Jungbu City Gas Company, which is one of the domestic city gas suppliers, time variables and environment variables are analysed. In this research, regression models that predicts pipeline pressure in minutes are proposed. Random forest, support vector regression (SVR), long-short term memory (LSTM) algorithms are used to build pressure prediction models. A comparison of pressure prediction models' preformances shows that the LSTM model was the best. LSTM model for Asan-si have root mean square error (RMSE) 0.011, mean absolute percentage error (MAPE) 0.494. LSTM model for Cheonan-si have RMSE 0.015, MAPE 0.668.

Electricity Demand Forecasting for Daily Peak Load with Seasonality and Temperature Effects (계절성과 온도를 고려한 일별 최대 전력 수요 예측 연구)

  • Jung, Sang-Wook;Kim, Sahm
    • The Korean Journal of Applied Statistics
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    • v.27 no.5
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    • pp.843-853
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    • 2014
  • Accurate electricity demand forecasting for daily peak load is essential for management and planning at electrical facilities. In this paper, we rst, introduce the several time series models that forecast daily peak load and compare the forecasting performance of the models based on Mean Absolute Percentage Error(MAPE). The results show that the Reg-AR-GARCH model outperforms other competing models that consider Cooling Degree Day(CDD) and Heating Degree Day(HDD) as well as seasonal components.