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Recurrent Neural Networks for Short-Term Load Forecasting - An Overview and Comparative Analysis (Paperback, 1st ed. 2017)
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Recurrent Neural Networks for Short-Term Load Forecasting - An Overview and Comparative Analysis (Paperback, 1st ed. 2017)
Series: SpringerBriefs in Computer Science
Expected to ship within 10 - 15 working days
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The key component in forecasting demand and consumption of
resources in a supply network is an accurate prediction of
real-valued time series. Indeed, both service interruptions and
resource waste can be reduced with the implementation of an
effective forecasting system. Significant research has thus been
devoted to the design and development of methodologies for short
term load forecasting over the past decades. A class of
mathematical models, called Recurrent Neural Networks, are nowadays
gaining renewed interest among researchers and they are replacing
many practical implementations of the forecasting systems,
previously based on static methods. Despite the undeniable
expressive power of these architectures, their recurrent nature
complicates their understanding and poses challenges in the
training procedures. Recently, new important families of recurrent
architectures have emerged and their applicability in the context
of load forecasting has not been investigated completely yet. This
work performs a comparative study on the problem of Short-Term Load
Forecast, by using different classes of state-of-the-art Recurrent
Neural Networks. The authors test the reviewed models first on
controlled synthetic tasks and then on different real datasets,
covering important practical cases of study. The text also provides
a general overview of the most important architectures and defines
guidelines for configuring the recurrent networks to predict
real-valued time series.
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