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Advanced Engineering Informatics
Article . 2018 . Peer-reviewed
License: Elsevier TDM
Data sources: Crossref
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Short-term electricity demand forecasting with MARS, SVR and ARIMA models using aggregated demand data in Queensland, Australia

Authors: Jan Adamowski; Yan Li; Mohanad S. Al-Musaylh; Ravinesh C. Deo; Ravinesh C. Deo;

Short-term electricity demand forecasting with MARS, SVR and ARIMA models using aggregated demand data in Queensland, Australia

Abstract

Abstract Accurate and reliable forecasting models for electricity demand (G) are critical in engineering applications. They assist renewable and conventional energy engineers, electricity providers, end-users, and government entities in addressing energy sustainability challenges for the National Electricity Market (NEM) in Australia, including the expansion of distribution networks, energy pricing, and policy development. In this study, data-driven techniques for forecasting short-term (24-h) G-data are adopted using 0.5 h, 1.0 h, and 24 h forecasting horizons. These techniques are based on the Multivariate Adaptive Regression Spline (MARS), Support Vector Regression (SVR), and Autoregressive Integrated Moving Average (ARIMA) models. This study is focused in Queensland, Australia’s second largest state, where end-user demand for energy continues to increase. To determine the MARS and SVR model inputs, the partial autocorrelation function is applied to historical (area aggregated) G data in the training period to discriminate the significant (lagged) inputs. On the other hand, single input G data is used to develop the univariate ARIMA model. The predictors are based on statistically significant lagged inputs and partitioned into training (80%) and testing (20%) subsets to construct the forecasting models. The accuracy of the G forecasts, with respect to the measured G data, is assessed using statistical metrics such as the Pearson Product-Moment Correlation coefficient (r), Root Mean Square Error (RMSE), and Mean Absolute Error (MAE). Normalized model assessment metrics based on RMSE and MAE relative to observed means ( RMSE G ¯ and MAE G ¯ ), Willmott’s Index (WI), Legates and McCabe Index ( E LM ) , and Nash–Sutcliffe coefficients ( E NS ) are also utilised to assess the models’ preciseness. For the 0.5 h and 1.0 h short-term forecasting horizons, the MARS model outperforms the SVR and ARIMA models displaying the largest WI (0.993 and 0.990) and lowest MAE (45.363 and 86.502 MW), respectively. In contrast, the SVR model is superior to the MARS and ARIMA models for the daily (24 h) forecasting horizon demonstrating a greater WI (0.890) and MAE (162.363 MW). Therefore, the MARS and SVR models can be considered more suitable for short-term G forecasting in Queensland, Australia, when compared to the ARIMA model. Accordingly, they are useful scientific tools for further exploration of real-time electricity demand data forecasting.

Country
Australia
Keywords

SVR, 330, MARS, ARIMA, electricity demand forecasting, machine learning

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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
240
Top 0.1%
Top 1%
Top 0.1%