Modeling Long- and Short-Term Temporal Patterns with Deep Neural Networks

Multivariate time series forecasting is an important machine learning problem across many domains, including predictions of solar plant energy output, electricity consumption, and traffic jam situation. Temporal data arise in these real-world applications often involves a mixture of long-term and short-term patterns, for which traditional approaches such as Autoregressive models and Gaussian Process may fail. In this paper, we proposed a novel deep learning framework, namely Long- and Short-term Time-series network (LSTNet), to address this open challenge. LSTNet uses the Convolution Neural Network (CNN) and the Recurrent Neural Network (RNN) to extract short-term local dependency patterns among variables and to discover long-term patterns for time series trends. Furthermore, we leverage traditional autoregressive model to tackle the scale insensitive problem of the neural network model. In our evaluation on real-world data with complex mixtures of repetitive patterns, LSTNet achieved significant performance improvements over that of several state-of-the-art baseline methods. All the data and experiment codes are available online.Comment: Accepted by SIGIR 201

Development of Neurofuzzy Architectures for Electricity Price Forecasting

In 20th century, many countries have liberalized their electricity market. This power markets liberalization has directed generation companies as well as wholesale buyers to undertake a greater intense risk exposure compared to the old centralized framework. In this framework, electricity price prediction has become crucial for any market player in their decision‐making process as well as strategic planning. In this study, a prototype asymmetric‐based neuro‐fuzzy network (AGFINN) architecture has been implemented for short‐term electricity prices forecasting for ISO New England market. AGFINN framework has been designed through two different defuzzification schemes. Fuzzy clustering has been explored as an initial step for defining the fuzzy rules while an asymmetric Gaussian membership function has been utilized in the fuzzification part of the model. Results related to the minimum and maximum electricity prices for ISO New England, emphasize the superiority of the proposed model over well‐established learning‐based models

Short-Term Electricity Demand Forecasting with Machine Learning

Project Work presented as the partial requirement for obtaining a Master's degree in Data Science and Advanced Analytics, specialization in Business AnalyticsAn accurate short-term load forecasting (STLF) is one of the most critical inputs for power plant units’ planning commitment. STLF reduces the overall planning uncertainty added by the intermittent production of renewable sources; thus, it helps to minimize the hydro-thermal electricity production costs in a power grid. Although there is some research in the field and even several research applications, there is a continual need to improve forecasts. This project proposes a set of machine learning (ML) models to improve the accuracy of 168 hours forecasts. The developed models employ features from multiple sources, such as historical load, weather, and holidays. Of the five ML models developed and tested in various load profile contexts, the Extreme Gradient Boosting Regressor (XGBoost) algorithm showed the best results, surpassing previous historical weekly predictions based on neural networks. Additionally, because XGBoost models are based on an ensemble of decision trees, it facilitated the model’s interpretation, which provided a relevant additional result, the features’ importance in the forecasting

Review of Low Voltage Load Forecasting: Methods, Applications, and Recommendations

The increased digitalisation and monitoring of the energy system opens up numerous opportunities to decarbonise the energy system. Applications on low voltage, local networks, such as community energy markets and smart storage will facilitate decarbonisation, but they will require advanced control and management. Reliable forecasting will be a necessary component of many of these systems to anticipate key features and uncertainties. Despite this urgent need, there has not yet been an extensive investigation into the current state-of-the-art of low voltage level forecasts, other than at the smart meter level. This paper aims to provide a comprehensive overview of the landscape, current approaches, core applications, challenges and recommendations. Another aim of this paper is to facilitate the continued improvement and advancement in this area. To this end, the paper also surveys some of the most relevant and promising trends. It establishes an open, community-driven list of the known low voltage level open datasets to encourage further research and development.Comment: 37 pages, 6 figures, 2 tables, review pape

Machine Learning Approaches for Traffic Flow Forecasting

Intelligent Transport Systems (ITS) as a field has emerged quite rapidly in the recent years. A competitive solution coupled with big data gathered for ITS applications needs the latest AI to drive the ITS for the smart and effective public transport planning and management. Although there is a strong need for ITS applications like Advanced Route Planning (ARP) and Traffic Control Systems (TCS) to take the charge and require the minimum of possible human interventions. This thesis develops the models that can predict the traffic link flows on a junction level such as road traffic flows for a freeway or highway road for all traffic conditions. The research first reviews the state-of-the-art time series data prediction techniques with a deep focus in the field of transport Engineering along with the existing statistical and machine leaning methods and their applications for the freeway traffic flow prediction. This review setup a firm work focussed on the view point to look for the superiority in term of prediction performance of individual statistical or machine learning models over another. A detailed theoretical attention has been given, to learn the structure and working of individual chosen prediction models, in relation to the traffic flow data. In modelling the traffic flows from the real-world Highway England (HE) gathered dataset, a traffic flow objective function for highway road prediction models is proposed in a 3-stage framework including the topological breakdown of traffic network into virtual patches, further into nodes and to the basic links flow profiles behaviour estimations. The proposed objective function is tested with ten different prediction models including the statistical, shallow and deep learning constructed hybrid models for bi-directional links flow prediction methods. The effectiveness of the proposed objective function greatly enhances the accuracy of traffic flow prediction, regardless of the machine learning model used. The proposed prediction objective function base framework gives a new approach to model the traffic network to better understand the unknown traffic flow waves and the resulting congestions caused on a junction level. In addition, the results of applied Machine Learning models indicate that RNN variant LSTMs based models in conjunction with neural networks and Deep CNNs, when applied through the proposed objective function, outperforms other chosen machine learning methods for link flow predictions. The experimentation based practical findings reveal that to arrive at an efficient, robust, offline and accurate prediction model apart from feeding the ML mode with the correct representation of the network data, attention should be paid to the deep learning model structure, data pre-processing (i.e. normalisation) and the error matrices used for data behavioural learning. The proposed framework, in future can be utilised to address one of the main aims of the smart transport systems i.e. to reduce the error rates in network wide congestion predictions and the inflicted general traffic travel time delays in real-time