Machine Learning Approach for Short-Term Load Forecasting Using Deep Neural Network

Majed A. Alotaibi ()
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Majed A. Alotaibi: Department of Electrical Engineering, College of Engineering, King Saud University, Riyadh 11421, Saudi Arabia

Energies, 2022, vol. 15, issue 17, 1-23

Abstract: Power system demand forecasting is a crucial task in the power system engineering field. This is due to the fact that most system planning and operation activities basically rely on proper forecasting models. Entire power infrastructures are built essentially to provide and serve the consumption of energy. Therefore, it is very necessary to construct robust and efficient predictive models in order to provide accurate load forecasting. In this paper, three techniques are utilized for short-term load forecasting. These techniques are deep neural network (DNN), multilayer perceptron-based artificial neural network (ANN), and decision tree-based prediction (DR). New predictive variables are included to enhance the overall forecasting and handle the difficulties caused by some categorical predictors. The comparison among these three techniques is executed based on coefficients of determination R 2 and mean absolute error (MAE). Statistical tests are performed in order to verify the results and examine whether these models are statistically different or not. The results reveal that the DNN model outperformed the other models and was statistically different from them.

Keywords: short-term load forecast; machine learning; linear regression; neural network; decision tree; parametric and non-parametric tests (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2022
References: View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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