Prediction of wind energy with the use of tensor‐train based higher order dynamic mode decomposition
Keren Li and
Sergey Utyuzhnikov
Journal of Forecasting, 2024, vol. 43, issue 7, 2434-2447
Abstract:
As the international energy market pays more and more attention to the development of clean energy, wind power is gradually attracting the attention of various countries. Wind power is a sustainable and environmentally friendly resource of energy. However, it is unstable. Therefore, it is important to develop algorithms for its prediction. In this paper, we apply a recently developed algorithm that effectively combines the tensor train decomposition with the higher order dynamic mode decomposition (TT‐HODMD). The dynamic mode decomposition (DMD) is a data‐driven technique that does not need a prior mathematical model. It is based on the measurement data or time slots. As demonstrated, for prediction it is important to use the higher order DMD (HODMD). In turn, HODMD might lead to very large scale arrays that are sparse. The tensor train decomposition provides a highly efficient way to work with such arrays. It is demonstrated that the combined TT‐HODMD algorithm is capable of providing quite accurate prediction of wind power for months ahead.
Date: 2024
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https://doi.org/10.1002/for.3126
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Persistent link: https://EconPapers.repec.org/RePEc:wly:jforec:v:43:y:2024:i:7:p:2434-2447
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