A wind speed interval prediction system based on multi-objective optimization for machine learning method

Ranran Li and Yu Jin

Applied Energy, 2018, vol. 228, issue C, 2207-2220

Abstract: Accurate forecast of wind speed is the first prerequisite to supply high quality power energy to customer in a secure and economic manner. However, traditional point forecast may not be sufficiently reliable and accurate for decision-makers to perform operational strategies purely when the uncertainty level increases. For the sake of quantifying the uncertainty associated with point predictions, it is necessary to conduct interval prediction to provide reliable and accurate wind speed information. In this work, a hybrid model framework based on combinatorial modules was proposed and successfully adopted to construct the prediction intervals of the future wind speed. Feature selection methods are developed to determine the most suitable modes of original time series and the optimal input form of the model, while the optimization forecasting module is applied to model the wind speed series based on the machine learning method and the multi-objective optimization algorithm, then the compromise solution of Pareto front is chosen by “Min-max” method. Finally, the proposed combined model was investigated via the hourly wind speed data from two different periods in Penglai, China. Besides, the study’s experimental results indicated that the prediction intervals generated perform well and are satisfactory in both criterion functions of high coverage and small width through discussion among single-objective models and other multi-objective models (signal pre-processing method comparison included).

Keywords: Wind speed forecasting; Prediction intervals; Multi-objective optimization; Least squares support vector machines; Feature selection (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (30)

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DOI: 10.1016/j.apenergy.2018.07.032

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