10,212 research outputs found
Recurrent Neural Filters: Learning Independent Bayesian Filtering Steps for Time Series Prediction
Despite the recent popularity of deep generative state space models, few
comparisons have been made between network architectures and the inference
steps of the Bayesian filtering framework -- with most models simultaneously
approximating both state transition and update steps with a single recurrent
neural network (RNN). In this paper, we introduce the Recurrent Neural Filter
(RNF), a novel recurrent autoencoder architecture that learns distinct
representations for each Bayesian filtering step, captured by a series of
encoders and decoders. Testing this on three real-world time series datasets,
we demonstrate that the decoupled representations learnt not only improve the
accuracy of one-step-ahead forecasts while providing realistic uncertainty
estimates, but also facilitate multistep prediction through the separation of
encoder stages
Forecasting Construction Tender Price Index in Ghana using Autoregressive Integrated Moving Average with Exogenous Variables Model
Prices of construction resources keep on fluctuating due to unstable economic situations that have been experienced over the years. Clients knowledge of their financial commitments toward their intended project remains the basis for their final decision. The use of construction tender price index provides a realistic estimate at the early stage of the project. Tender price index (TPI) is influenced by various economic factors, hence there are several statistical techniques that have been employed in forecasting. Some of these include regression, time series, vector error correction among others. However, in recent times the integrated modelling approach is gaining popularity due to its ability to give powerful predictive accuracy. Thus, in line with this assumption, the aim of this study is to apply autoregressive integrated moving average with exogenous variables (ARIMAX) in modelling TPI. The results showed that ARIMAX model has a better predictive ability than the use of the single approach. The study further confirms the earlier position of previous research of the need to use the integrated model technique in forecasting TPI. This model will assist practitioners to forecast the future values of tender price index. Although the study focuses on the Ghanaian economy, the findings can be broadly applicable to other developing countries which share similar economic characteristics
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 decisionâmaking process as well as strategic planning. In this study, a prototype asymmetricâbased neuroâfuzzy network (AGFINN) architecture has been implemented for shortâterm 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 wellâestablished learningâbased models
Neural network approach for predicting drum pressure and level in coal-fired subcritical power plant
There is increasing need for tighter controls of coal-fired plants due to more stringent regulations and addition of more renewable sources in the electricity grid. Achieving this will require better process knowledge which can be facilitated through the use of plant models. Drum-boilers, a key component of coal-fired subcritical power plants, have complicated characteristics and require highly complex routines for the dynamic characteristics to be accurately modelled. Development of such routines is laborious and due to computational requirements they are often unfit for control purposes. On the other hand, simpler lumped and semi empirical models may not represent the process well. As a result, data-driven approach based on neural networks is chosen in this study. Models derived with this approach incorporate all the complex underlying physics and performs very well so long as it is used within the range of conditions on which it was developed. The model can be used for studying plant dynamics and design of controllers. Dynamic model of the drum-boiler was developed in this study using NARX neural networks. The model predictions showed good agreement with actual outputs of the drum-boiler (drum pressure and water level)
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