Oil price forecasting using gene expression programming and artificial neural networks

This study aims to forecast oil prices using evolutionary techniques such as gene expression programming (GEP) and artificial neural network (NN) models to predict oil prices over the period from January 2, 1986 to June 12, 2012. Autoregressive integrated moving average (ARIMA) models are employed to benchmark evolutionary models. The results reveal that the GEP technique outperforms traditional statistical techniques in predicting oil prices. Further, the GEP model outperforms the NN and the ARIMA models in terms of the mean squared error, the root mean squared error and the mean absolute error. Finally, the GEP model also has the highest explanatory power as measured by the R-squared statistic. The results of this study have important implications for both theory and practice

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

Application of Statistical and Artificial Intelligence Techniques for Medium-Term Electrical Energy Forecasting: A Case Study for a Regional Hospital

Electrical energy forecasting is crucial for efficient, reliable, and economic operations of hospitals due to serving 365 days a year, 24/7, and they require round-the-clock energy. An accurate prediction of energy consumption is particularly required for energy management, maintenance scheduling, and future renewable investment planning of large facilities. The main objective of this study is to forecast electrical energy demand by performing and comparing well-known techniques, which are frequently applied to short-term electrical energy forecasting problem in the literature, such as multiple linear regression as a statistical technique and artificial intelligence techniques including artificial neural networks containing multilayer perceptron neural networks and radial basis function networks, and support vector machines through a case study of a regional hospital in the medium-term horizon. In this study, a state-of-the-art literature review of medium-term electrical energy forecasting, data set information, fundamentals of statistical and artificial intelligence techniques, analyses for aforementioned methodologies, and the obtained results are described meticulously. Consequently, support vector machines model with a Gaussian kernel has the best validation performance, and the study revealed that seasonality has a dominant influence on forecasting performance. Hence heating, ventilation, and air-conditioning systems cover the major part of electrical energy consumption of the regional hospital. Besides historical electrical energy consumption, outdoor mean temperature and calendar variables play a significant role in achieving accurate results. Furthermore, the study also unveiled that the number of patients is steady over the years with only small deviations and have no significant influence on medium-term electrical energy forecasting

Time series-based groundwater level forecasting using gated recurrent unit deep neural networks

In this research, the mean monthly groundwater level with a range of 3.78 m in Qoşaçay plain, Iran, is forecast. Regarding three different layers of gated recurrent unit (GRU) structures and a hybrid of variational mode decomposition with gated recurrent unit (VMD-GRU), deep learning-based neural network models are developed. As the base model for performance comparison, the general single-long short-term memory-layer network model is developed. In all models, the module of sequence-to-one is used because of the lack of meteorological variables recorded in the study area. For modeling, 216 monthly datasets of the mean monthly water table depth of 33 different monitoring piezometers in the period April 2002–March 2020 are utilized. To boost the performance of the models and reduce the overfitting problem, an algorithm tuning process using different types of hyperparameter accompanied by a trial-and-error procedure is applied. Based on performance evaluation metrics, the total learnable parameters value and especially the model grading process, the new double-GRU model coupled with multiplication layer (×) (GRU2× model) is chosen as the best model. Under the optimal hyperparameters, the GRU2× model results in an R 2 of 0.86, a root mean square error (RMSE) of 0.18 m, a corrected Akaike’s information criterion (AICc) of −280.75, a running time for model training of 87 s and a total grade (TG) of 6.21 in the validation stage; and the hybrid VMD-GRU model yields an RMSE of 0.16 m, an R 2 of 0.92, an AICc of −310.52, a running time of 185 s and a TG of 3.34. © 2022 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group

Energy Analytics for Infrastructure: An Application to Institutional Buildings

abstract: Commercial buildings in the United States account for 19% of the total energy consumption annually. Commercial Building Energy Consumption Survey (CBECS), which serves as the benchmark for all the commercial buildings provides critical input for EnergyStar models. Smart energy management technologies, sensors, innovative demand response programs, and updated versions of certification programs elevate the opportunity to mitigate energy-related problems (blackouts and overproduction) and guides energy managers to optimize the consumption characteristics. With increasing advancements in technologies relying on the ‘Big Data,' codes and certification programs such as the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE), and the Leadership in Energy and Environmental Design (LEED) evaluates during the pre-construction phase. It is mostly carried out with the assumed quantitative and qualitative values calculated from energy models such as Energy Plus and E-quest. However, the energy consumption analysis through Knowledge Discovery in Databases (KDD) is not commonly used by energy managers to perform complete implementation, causing the need for better energy analytic framework. The dissertation utilizes Interval Data (ID) and establishes three different frameworks to identify electricity losses, predict electricity consumption and detect anomalies using data mining, deep learning, and mathematical models. The process of energy analytics integrates with the computational science and contributes to several objectives which are to 1. Develop a framework to identify both technical and non-technical losses using clustering and semi-supervised learning techniques. 2. Develop an integrated framework to predict electricity consumption using wavelet based data transformation model and deep learning algorithms. 3. Develop a framework to detect anomalies using ensemble empirical mode decomposition and isolation forest algorithms. With a thorough research background, the first phase details on performing data analytics on the demand-supply database to determine the potential energy loss reduction potentials. Data preprocessing and electricity prediction framework in the second phase integrates mathematical models and deep learning algorithms to accurately predict consumption. The third phase employs data decomposition model and data mining techniques to detect the anomalies of institutional buildings.Dissertation/ThesisDoctoral Dissertation Civil, Environmental and Sustainable Engineering 201

Ensemble deep learning: A review

Ensemble learning combines several individual models to obtain better generalization performance. Currently, deep learning models with multilayer processing architecture is showing better performance as compared to the shallow or traditional classification models. Deep ensemble learning models combine the advantages of both the deep learning models as well as the ensemble learning such that the final model has better generalization performance. This paper reviews the state-of-art deep ensemble models and hence serves as an extensive summary for the researchers. The ensemble models are broadly categorised into ensemble models like bagging, boosting and stacking, negative correlation based deep ensemble models, explicit/implicit ensembles, homogeneous /heterogeneous ensemble, decision fusion strategies, unsupervised, semi-supervised, reinforcement learning and online/incremental, multilabel based deep ensemble models. Application of deep ensemble models in different domains is also briefly discussed. Finally, we conclude this paper with some future recommendations and research directions

Customer active power consumption prediction for the next day based on historical profile

Energy consumption prediction application is one of the most important fieldsthat is artificially controlled with Artificial Intelligence technologies to maintainaccuracy for electricity market costs reduction. This work presents a way to buildand apply a model to each costumer in residential buildings. This model is built by using Long Short Term Memory (LSTM) networks to address a demonstration of time-series prediction problem and Deep Learning to take into consideration the historical consumption of customers and hourly load profiles in order to predict future consumption. Using this model, the most probable sequence of a certain industrial customer’s consumption levels for a coming day is predicted. In the case of residential customers, determining the particular period of the prediction in terms of either a year or a month would be helpful and more accurate due to changes in consumption according to the changes in temperature and weather conditions in general. Both of them are used together in this research work to make a wide or narrow prediction window.A test data set for a set of customers is used. Consumption readings for anycustomer in the test data set applying LSTM model are varying between minimum and maximum values of active power consumption. These values are always alternating during the day according to customer consumption behavior. This consumption variation leads to leveling all readings to be determined in a finite set and deterministic values. These levels could be then used in building the prediction model. Levels of consumption’s are modeling states in the transition matrix. Twenty five readings are recorded per day on each hour and cover leap years extra ones. Emission matrix is built using twenty five values numbered from one to twenty five and represent the observations. Calculating probabilities of being in each level (node) is also covered. Logistic Regression Algorithm is used to determine the most probable nodes for the next 25 hours in case of residential or industrial customers.Index Terms—Smart Grids, Load Forecasting, Consumption Prediction, Long Short Term Memory (LSTM), Logistic Regression Algorithm, Load Profile, Electrical Consumption.</p

Developing a hybrid hidden MARKOV model using fusion of ARMA model and artificial neural network for crude oil price forecasting

Crude oil price forecasting is an important component of sustainable development of many countries as crude oil is an unavoidable product that exist on earth. Crude oil price forecasting plays a very vital role in economic development of many countries in the world today. Any fluctuation in crude oil price tremendously affects many economies in terms of budget and expenditure. In view of this, it is of great concern by economists and financial analysts to forecast such a vital commodity. However, Hidden Markov Model, ARMA Model and Artificial Neural Network has many drawbacks in forecasting such as linear limitations of ARMA model which is in contrast to the financial time series which are often nonlinear, ANN is very weak in terms of out-sample forecast and it has very tedious process of implementation, HMM is very weak in an in-sample forecast and has issue of a large number of unstructured parameters. In view of this drawbacks of these three models (ANN, ARMA and HMM), we developed an efficient Hybrid Hidden Markov Model using fusion of ARMA Model and Artificial Neural Network for crude oil price forecasting, MATLAB was employed to develop the four models (Hybrid HMM, HMM, ARMA and ANN). The models were evaluated using three different evaluation techniques which are Mean Absolute Percentage Error (MAPE), Absolute Error (AE) and Root Mean Square Error (RMSE). The findings showed that Hybrid Hidden Markov Model was found to provide more accurate crude oil price forecast than the other three models in which. The results of this study indicate that Hybrid Hidden Markov Model using fusion of ARMA and ANN is a potentially promising model for crude oil price forecasting