Hybrid Advanced Techniques for Forecasting in Energy Sector

Accurate forecasting performance in the energy sector is a primary factor in the modern restructured power market, accomplished by any novel advanced hybrid techniques. Particularly in the Big Data era, forecasting models are always based on a complex function combination, and energy data are always...

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Bibliographic Details
Main Author: Wei-Chiang Hong (Ed.) (auth)
Format: Book Chapter
Published: MDPI - Multidisciplinary Digital Publishing Institute 2018
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Online Access:Get Fullteks
DOAB: description of the publication
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020 |a books978-3-03897-291-4 
020 |a 9783038972914 
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100 1 |a Wei-Chiang Hong (Ed.)  |4 auth 
245 1 0 |a Hybrid Advanced Techniques for Forecasting in Energy Sector 
260 |b MDPI - Multidisciplinary Digital Publishing Institute  |c 2018 
300 |a 1 electronic resource (250 p.) 
506 0 |a Open Access  |2 star  |f Unrestricted online access 
520 |a Accurate forecasting performance in the energy sector is a primary factor in the modern restructured power market, accomplished by any novel advanced hybrid techniques. Particularly in the Big Data era, forecasting models are always based on a complex function combination, and energy data are always complicated by factors such as seasonality, cyclicity, fluctuation, dynamic nonlinearity, and so on. To comprehensively address this issue, it is insufficient to concentrate only on simply hybridizing evolutionary algorithms with each other, or on hybridizing evolutionary algorithms with chaotic mapping, quantum computing, recurrent and seasonal mechanisms, and fuzzy inference theory in order to determine suitable parameters for an existing model. It is necessary to also consider hybridizing or combining two or more existing models (e.g., neuro-fuzzy model, BPNN-fuzzy model, seasonal support vector regression-chaotic quantum particle swarm optimization (SSVR-CQPSO), etc.). These advanced novel hybrid techniques can provide more satisfactory energy forecasting performances. This book aimed to attract researchers with an interest in the research areas described above. Specifically, we were interested in contributions towards recent developments, i.e., hybridizing or combining any advanced techniques in energy forecasting, with the superior capabilities over the traditional forecasting approaches, with the ability to overcome some embedded drawbacks, and with the very superiority to achieve significant improved forecasting accuracy. 
540 |a Creative Commons  |f https://creativecommons.org/licenses/by-nc-nd/4.0/  |2 cc  |4 https://creativecommons.org/licenses/by-nc-nd/4.0/ 
546 |a English 
653 |a hybrid models 
653 |a autoregressive moving average with exogenous variable (ARMAX) 
653 |a energy forecasting 
653 |a fuzzy group 
653 |a quantile forecasting 
653 |a evolutionary algorithms 
653 |a quantum computing mechanism 
653 |a cluster validity 
653 |a support vector regression / support vector machines 
653 |a artificial neural networks 
653 |a principal component analysis 
653 |a bayesian inference 
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