Predictive modelling of building energy consumption based on a hybrid nature-inspired optimization algorithm

Overall energy consumption has expanded over the previous decades because of rapid population, urbanization and industrial growth rates. The high demand for energy leads to higher cost per unit of energy, which, can impact on the running costs of commercial and residential dwellings. Hence, there is a need for more effective predictive techniques that can be used to measure and optimize energy usage of large arrays of connected Internet of Things (IoT) devices and control points that constitute modern built environments. In this paper, we propose a lightweight IoT framework for predicting energy usage at a localized level for optimal configuration of building-wide energy dissemination policies. Autoregressive Integrated Moving Average (ARIMA) as a statistical liner model could be used for this purpose; however, it is unable to model the dynamic nonlinear relationships in nonstationary fluctuating power consumption data. Therefore, we have developed an improved hybrid model based on the ARIMA, Support Vector Regression (SVRs) and Particle Swarm Optimization (PSO) to predict precision energy usage from supplied data. The proposed model is evaluated using power consumption data acquired from environmental actuator devices controlling a large functional space in a building. Results show that the proposed hybrid model out-performs other alternative techniques in forecasting power consumption. The approach is appropriate in building energy policy implementations due to its precise estimations of energy consumption and lightweight monitoring infrastructure which can lead to reducing the cost on energy consumption. Moreover, it provides an accurate tool to optimize the energy consumption strategies in wider built environments such as smart cities

A Review of Artificial Neural Networks Application to Stock Market Predictions

The purpose of this paper is to review artificial neural network applications used in the field of stock price forecasting. The field of stock price forecasting has increasingly grown to be an important subject matter for researchers, everyday investors and practitioners in the finance domain as it aids financial decision making. This study brings to attention some of the neural network applications used in stock price forecasting focusing on application comparisons on different stock market data and the gaps that can be worked on in the foreseeable future. This work makes an introduction of neural network applications to those novels in the field of artificial intelligence. Keywords: Neural Networks, Forecasting Stock Price. Financial Markets, Complexity, Error Measures, Decision Makin

XgBoost Hyper-Parameter Tuning Using Particle Swarm Optimization for Stock Price Forecasting

Investment in the capital market has become a lifestyle for millennials in Indonesia as seen from the increasing number of SID (Single Investor Identification) from 2.4 million in 2019 to 10.3 million in December 2022. The increase is due to various reasons, starting from the Covid-19 pandemic, which limited the space for social interaction and the easy way to invest in the capital market through various e-commerce platforms. These investors generally use fundamental and technical analysis to maximize profits and minimize the risk of loss in stock investment. These methods may lead to problem where subjectivity and different interpretation may appear in the process. Additionally, these methods are time consuming due to the need in the deep research on the financial statements, economic conditions and company reports. Machine learning by utilizing historical stock price data which is time-series data is one of the methods that can be used for the stock price forecasting. This paper proposed XGBoost optimized by Particle Swarm Optimization (PSO) for stock price forecasting. XGBoost is known for its ability to make predictions accurately and efficiently. PSO is used to optimize the hyper-parameter values of XGBoost. The results of optimizing the hyper-parameter of the XGBoost algorithm using the Particle Swarm Optimization (PSO) method achieved the best performance when compared with standard XGBoost, Long Short-Term Memory (LSTM), Support Vector Regression (SVR) and Random Forest. The results in RSME, MAE and MAPE shows the lowest values in the proposed method, which are, 0.0011, 0.0008, and 0.0772%, respectively. Meanwhile, the  reaches the highest value. It is seen that the PSO-optimized XGBoost is able to predict the stock price with a low error rate, and can be a promising model to be implemented for the stock price forecasting. This result shows the contribution of the proposed method

Hybrid Advanced Optimization Methods with Evolutionary Computation Techniques in Energy Forecasting

More accurate and precise energy demand forecasts are required when energy decisions are made in a competitive environment. Particularly in the Big Data era, forecasting models are always based on a complex function combination, and energy data are always complicated. Examples include seasonality, cyclicity, fluctuation, dynamic nonlinearity, and so on. These forecasting models have resulted in an over-reliance on the use of informal judgment and higher expenses when lacking the ability to determine data characteristics and patterns. The hybridization of optimization methods and superior evolutionary algorithms can provide important improvements via good parameter determinations in the optimization process, which is of great assistance to actions taken by energy decision-makers. This book aimed to attract researchers with an interest in the research areas described above. Specifically, it sought contributions to the development of any hybrid optimization methods (e.g., quadratic programming techniques, chaotic mapping, fuzzy inference theory, quantum computing, etc.) with advanced algorithms (e.g., genetic algorithms, ant colony optimization, particle swarm optimization algorithm, etc.) that have superior capabilities over the traditional optimization approaches to overcome some embedded drawbacks, and the application of these advanced hybrid approaches to significantly improve forecasting accuracy

Highly-Accurate Electricity Load Estimation via Knowledge Aggregation

Mid-term and long-term electric energy demand prediction is essential for the planning and operations of the smart grid system. Mainly in countries where the power system operates in a deregulated environment. Traditional forecasting models fail to incorporate external knowledge while modern data-driven ignore the interpretation of the model, and the load series can be influenced by many complex factors making it difficult to cope with the highly unstable and nonlinear power load series. To address the forecasting problem, we propose a more accurate district level load prediction model Based on domain knowledge and the idea of decomposition and ensemble. Its main idea is three-fold: a) According to the non-stationary characteristics of load time series with obvious cyclicality and periodicity, decompose into series with actual economic meaning and then carry out load analysis and forecast. 2) Kernel Principal Component Analysis(KPCA) is applied to extract the principal components of the weather and calendar rule feature sets to realize data dimensionality reduction. 3) Give full play to the advantages of various models based on the domain knowledge and propose a hybrid model(XASXG) based on Autoregressive Integrated Moving Average model(ARIMA), support vector regression(SVR) and Extreme gradient boosting model(XGBoost). With such designs, it accurately forecasts the electricity demand in spite of their highly unstable characteristic. We compared our method with nine benchmark methods, including classical statistical models as well as state-of-the-art models based on machine learning, on the real time series of monthly electricity demand in four Chinese cities. The empirical study shows that the proposed hybrid model is superior to all competitors in terms of accuracy and prediction bias

An efficient framework for short-term electricity price forecasting in deregulated power market

It is widely acknowledged that electricity price forecasting become an essential factor in operational activities, planning, and scheduling for the participant in the price-setting market, nowadays. Nevertheless, electricity price became a complex signal due to its non-stationary, non-linearity, and time-variant behavior. Consequently, a variety of artificial intelligence techniques are proposed to provide an efficient method for short-term electricity price forecasting. BSA as the recent augmentation of optimization technique, yield the potential of searching a closed-form solution in mathematical modeling with a higher probability, obviating the necessity to comprehend the correlations between variables. Concurrently, this study also developed a feature selection technique, to select the input variables subsets that have a substantial implication on forecasting of electricity price, based on a combination of mutual information (MI) and SVM. For the verification of simulation results, actual data sets from the Ontario energy market in the year 2020 covering various weather seasons are acquired. Finally, the obtained results demonstrate the feasibility of the proposed strategy through improved preciseness in comparison with the distinctive methods.©2021 Institute of Electrical and Electronics Engineers. This work is licensed under a Creative Commons Attribution 4.0 License. For more information, see https://creativecommons.org/licenses/by/4.0/This research has been supported by University of Vaasa under Profi4/WP2 project with the financial support provided by the Academy of Finland.fi=vertaisarvioitu|en=peerReviewed

Air Quality Prediction in Smart Cities Using Machine Learning Technologies Based on Sensor Data: A Review

The influence of machine learning technologies is rapidly increasing and penetrating almost in every field, and air pollution prediction is not being excluded from those fields. This paper covers the revision of the studies related to air pollution prediction using machine learning algorithms based on sensor data in the context of smart cities. Using the most popular databases and executing the corresponding filtration, the most relevant papers were selected. After thorough reviewing those papers, the main features were extracted, which served as a base to link and compare them to each other. As a result, we can conclude that: (1) instead of using simple machine learning techniques, currently, the authors apply advanced and sophisticated techniques, (2) China was the leading country in terms of a case study, (3) Particulate matter with diameter equal to 2.5 micrometers was the main prediction target, (4) in 41% of the publications the authors carried out the prediction for the next day, (5) 66% of the studies used data had an hourly rate, (6) 49% of the papers used open data and since 2016 it had a tendency to increase, and (7) for efficient air quality prediction it is important to consider the external factors such as weather conditions, spatial characteristics, and temporal features

Short-term load forecasting of microgrid via hybrid support vector regression and long short-term memory algorithms

© 2020 by the authors. Short-Term Load Forecasting (STLF) is the most appropriate type of forecasting for both electricity consumers and generators. In this paper, STLF in a Microgrid (MG) is performed via the hybrid applications of machine learning. The proposed model is a modified Support Vector Regression (SVR) and Long Short-Term Memory (LSTM) called SVR-LSTM. In order to forecast the load, the proposed method is applied to the data related to a rural MG in Africa. Factors influencing the MG load, such as various household types and commercial entities, are selected as input variables and load profiles as target variables. Identifying the behavioral patterns of input variables as well as modeling their behavior in short-term periods of time are the major capabilities of the hybrid SVR-LSTM model. To present the efficiency of the suggested method, the conventional SVR and LSTM models are also applied to the used data. The results of the load forecasts by each network are evaluated using various statistical performance metrics. The obtained results show that the SVR-LSTM model with the highest correlation coefficient, i.e., 0.9901, is able to provide better results than SVR and LSTM, which have the values of 0.9770 and 0.9809, respectively. Finally, the results are compared with the results of other studies in this field, which continued to emphasize the superiority of the SVR-LSTM model

Advanced Methods for Photovoltaic Output Power Forecasting: A Review

Forecasting is a crucial task for successfully integrating photovoltaic (PV) output power into the grid. The design of accurate photovoltaic output forecasters remains a challenging issue, particularly for multistep-ahead prediction. Accurate PV output power forecasting is critical in a number of applications, such as micro-grids (MGs), energy optimization and management, PV integrated in smart buildings, and electrical vehicle chartering. Over the last decade, a vast literature has been produced on this topic, investigating numerical and probabilistic methods, physical models, and artificial intelligence (AI) techniques. This paper aims at providing a complete and critical review on the recent applications of AI techniques; we will focus particularly on machine learning (ML), deep learning (DL), and hybrid methods, as these branches of AI are becoming increasingly attractive. Special attention will be paid to the recent development of the application of DL, as well as to the future trends in this topic

Development of data intelligent models for electricity demand forecasting: case studies in the state of Queensland, Australia

Electricity demand (G) forecasting is a sustainability management and evaluation task for all energy industries, required to implement effective energy security measures and determine forward planning processes in electricity production and management of consumer demands. Predictive models for G forecasting are utilized as scientific stratagems for such decision-making. The information generated from forecast models can be used to provide the right decisions regarding the operation of National Electricity Markets (NEMs) through a more sustainable electricity pricing system, energy policy, and an evaluation of the feasibility of future energy distribution networks. Data intelligent models are considered as potential forecasting tools, although challenges related to issues of non-stationarity, periodicity, trends, stochastic behaviours in G data and selecting the most relevant model inputs remain a key challenge. This doctoral thesis presents a novel study on the development of G forecasting models implemented at multiple lead-time forecast horizons utilizing data-intelligent techniques. The study develops predictive models using real G data from Queensland (second largest State in Australia) where the electricity demand continues to elevate. This research is therefore, divided into four primary objectives designed to produce a G forecasting system with data-intelligent models. In first objective, the development and evaluation of a multivariate adaptive regression splines (MARS), support vector regression (SVR) and autoregressive integrated moving average (ARIMA) model was presented for short-term (30 minutes, hourly and daily) forecasting using Queensland’s aggregated G data. MARS outperformed SVR and ARIMA models at 30-minute and hourly horizon, while SVR was the best model for daily G forecasting. The second objective reported the successful design of SVR model for daily period, including short-term periods (e.g., weekends, working days, and public holidays), and the long-term (monthly) period. Subsequently, the hybrid SVR, with particle swarm optimization (i.e., PSO-SVR) integrated with improved empirical mode decomposition with adaptive noise (ICEEMDAN) tool was constructed where PSO is adopted to optimize SVR parameters and ICEEMDAN was adopted to address non-linearity and non-stationary in G data. The capability of ICEEMDAN-PSO-SVR to forecast G was benchmarked against ICEEMDAN-MARS and ICEEMDAN-M5 Tree, including traditional PSO-SVR, MARS and M5 model tree methods. As G is subjected to the influence of exogenous factors (e.g., climate variables), the third objective established a G forecasting model utilizing atmospheric inputs from the Scientific Information for Land Owners (SILO) observed data fields and the European Centre for Medium Range Weather Forecasting outputs. These models were developed using G extracted from the Energex database for eight stations in southeast Queensland for an artificial neural network (ANN) model over 6-hourly and daily forecast horizons. The final objective was to advance the methods in previous objectives, by applying wavelet transformation (WT) as a decomposition tool to model daily G. Using real data from the University of Sothern Queensland (Toowoomba, Ipswich, and Springfield), the maximum overlap discrete wavelet transform (MODWT) was adopted to construct the MODWT-PACF-online sequential extreme learning machine (OS-ELM) model. The results revealed that newly developed MODWT-PACF-OSELM (MPOE) model attained superior performance compared to the models without the WT algorithm. In synopsis, the predictive models developed in this doctoral thesis will to provide significant benefits to National Electricity Markets in respect to energy distribution and security, through new and improved energy demand forecasting tools. Energy forecasters can therefore adopt these novel methods, to address the issues of nonlinearity and non-stationary in energy usage whilst constructing a real-time forecasting system tailored for energy industries, consumers, governments and other stakeholders