Development of Grey Machine Learning Models for Forecasting of Energy Consumption, Carbon Emission and Energy Generation for the Sustainable Development of Society
Akash Saxena,
Ramadan A. Zeineldin and
Ali Wagdy Mohamed ()
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Akash Saxena: Department of Electrical Engineering, Central University of Haryana, Mahendergarh 123031, India
Ramadan A. Zeineldin: Deanship of Scientific Research, King Abdulaziz University, Jeddah 21589, Saudi Arabia
Ali Wagdy Mohamed: Operations Research Department, Faculty of Graduate Studies for Statistical Research, Cairo University, Giza 12613, Egypt
Mathematics, 2023, vol. 11, issue 6, 1-13
Abstract:
Energy is an important denominator for evaluating the development of any country. Energy consumption, energy production and steps towards obtaining green energy are important factors for sustainable development. With the advent of forecasting technologies, these factors can be accessed earlier, and the planning path for sustainable development can be chalked out. Forecasting technologies pertaining to grey systems are in the spotlight due to the fact that they do not require many data points. In this work, an optimized model with grey machine learning architecture of a polynomial realization was employed to predict power generation, power consumption and CO 2 emissions. A nonlinear kernel was taken and optimized with a recently published algorithm, the augmented crow search algorithm (ACSA), for prediction. It was found that as compared to conventional grey models, the proposed framework yields better results in terms of accuracy.
Keywords: grey model; polynomial based kernel; augmented crow search algorithm; optimization; soft computing; forecasting; optimized fractional overhead power term polynomial grey model (OFOPGM) (search for similar items in EconPapers)
JEL-codes: C (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)
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