Short-Term Wind Speed Forecasting Based on Hybrid Variational Mode Decomposition and Least Squares Support Vector Machine Optimized by Bat Algorithm Model

Qunli Wu and Huaxing Lin
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Qunli Wu: Department of Economics and Management, North China Electric Power University, 689 Huadian Road, Baoding 071003, China
Huaxing Lin: Department of Economics and Management, North China Electric Power University, 689 Huadian Road, Baoding 071003, China

Sustainability, 2019, vol. 11, issue 3, 1-18

Abstract: With the integration of wind energy into electricity grids, wind speed forecasting plays an important role in energy generation planning, power grid integration and turbine maintenance scheduling. This study proposes a hybrid wind speed forecasting model to enhance prediction performance. Variational mode decomposition (VMD) was applied to decompose the original wind speed series into different sub-series with various frequencies. A least squares support vector machine (LSSVM) model with the pertinent parameters being optimized by a bat algorithm (BA) was established to forecast those sub-series extracted from VMD. The ultimate forecast of wind speed can be obtained by accumulating the prediction values of each sub-series. The results show that: (a) VMD-BA-LSSVM displays better capacity for the prediction of ultra short-term (15 min) and short-term (1 h) wind speed forecasting; (b) the proposed forecasting model was compared with wavelet decomposition (WD) and ensemble empirical mode decomposition (EEMD), and the results indicate that VMD has stronger decomposition ability than WD and EEMD, thus, significant improvements in forecasting accuracy were obtained with the proposed forecasting models compared with other forecasting methods.

Keywords: Wind speed forecasting; variational mode decomposition (VMD); least squares support vector machine (LSSVM); bat algorithm (BA) (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (17)

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