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Conventional regression versus artificial neural network in short-term load forecasting

Published: 11 April 2010 Publication History

Abstract

In order to short-term load forecasting (STLF), two different seasonal artificial neural networks (ANNs) are designed and compared with conventional regression. Furthermore designed ANNs are compared with each other in terms of model complexity, robustness and forecasting accurate to make more accurate short-term load forecasting in electricity market of Iran. The first model is a daily forecasting model which is used for forecasting the hourly load of the next day, and the second model is comprised of 24 sub-networks which are used for forecasting the hourly load of the next day. In fact, the second model is partitioning the first model. Time, temperature, and historical loads are taken as inputs. Results show a good conformity between actual data and ANNs outcome. In comparison between ANNs results and regression's, even thought in some cases regression shows less MAPE, the total MAPE of ANN is proved to be less than regression's. Moreover, it is founded that the first designed model consisting of single ANN is more appropriate than the second model consisting of 24 ANNs.

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SpringSim '10: Proceedings of the 2010 Spring Simulation Multiconference
April 2010
1726 pages
ISBN:9781450300698

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  • SCS: Society for Modeling and Simulation International

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Society for Computer Simulation International

San Diego, CA, United States

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Published: 11 April 2010

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Author Tags

  1. MAPE
  2. artificial neural network (ANN)
  3. regression
  4. short term load forecasting (STLF)

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SpringSim '10
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SpringSim '10: 2010 Spring Simulation Conference
April 11 - 15, 2010
Florida, Orlando

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