Short-term forecasting of solar irradiance using decision tree-based models and non-parametric quantile regression

Amon Masache, Precious Mdlongwa, Daniel Maposa and Caston Sigauke

PLOS ONE, 2024, vol. 19, issue 12, 1-29

Abstract: The renewable energy industry requires accurate forecasts of intermittent solar irradiance (SI) to effectively manage solar power generation and supply. Introducing the random forests (RFs) model and its hybridisation with quantile regression modelling, the quantile regression random forest (QRRF), can help improve the forecasts’ accuracy. This paper assesses the RFs and QRRF models against the quantile generalised additive model (QGAM) by evaluating their forecast performances. A simulation study of multivariate data-generating processes was carried out to compare the forecasting accuracy of the models when predicting global horizontal solar irradiance. The QRRF and QGAM are completely new forecasting frameworks for SI studies, to the best of our knowledge. Simulation results suggested that the introduced QRRF compared well with the QGAM when predicting the forecast distribution. However, the evaluations of the pinball loss scores and mean absolute scaled errors demonstrated a clear superiority of the QGAM. Similar results were obtained in an application to real-life data. Therefore, we recommend that the QGAM be preferred ahead of decision tree-based models when predicting solar irradiance. However, the QRRF model can be used alternatively to predict the forecast distribution. Both the QGAM and QRRF modelling frameworks went beyond representing forecast uncertainty of SI as probability distributions around a prediction interval to give complete information through the estimation of quantiles. Most SI studies conducted are residual and/or non-parametric modelling that are limited to represent information about the conditional mean distribution. Extensions of the QRRF and QGAM frameworks can be made to model other renewable sources of energy that have meteorological characteristics similar to solar irradiance.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:plo:pone00:0312814

DOI: 10.1371/journal.pone.0312814

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