Short Time Price Forecasting for Electricity Market Based on Hybrid Fuzzy Wavelet Transform and Bacteria Foraging Algorithm
Journal Title: Journal of Information Systems and Telecommunication - Year 2016, Vol 4, Issue 4
Abstract
Predicting the price of electricity is very important because electricity can not be stored. To this end, parallel methods and adaptive regression have been used in the past. But because dependence on the ambient temperature, there was no good result. In this study, linear prediction methods and neural networks and fuzzy logic have been studied and emulated. An optimized fuzzy-wavelet prediction method is proposed to predict the price of electricity. In this method, in order to have a better prediction, the membership functions of the fuzzy regression along with the type of the wavelet transform filter have been optimized using the E.Coli Bacterial Foraging Optimization Algorithm. Then, to better compare this optimal method with other prediction methods including conventional linear prediction and neural network methods, they were analyzed with the same electricity price data. In fact, our fuzzy-wavelet method has a more desirable solution than previous methods. More precisely by choosing a suitable filter and a multiresolution processing method, the maximum error has improved by 13.6%, and the mean squared error has improved about 17.9%. In comparison with the fuzzy prediction method, our proposed method has a higher computational volume due to the use of wavelet transform as well as double use of fuzzy prediction. Due to the large number of layers and neurons used in it, the neural network method has a much higher computational volume than our fuzzy-wavelet method.
Authors and Affiliations
Keivan Borna, Sepideh Palizdar
Keywords
Related Articles
- EP ID EP183931
- DOI 10.7508/jist.2016.04.001
- Views 142
- Downloads 0
A New Calibration Method for SAR Analog-to-Digital Converters Based on All Digital Dithering
In this paper a new digital background calibration method for successive approximation register analog to digital converters is presented. For developing, a perturbation signal is added and also digital offset is injecte...
A Conflict Resolution Approach using Prioritization Strategy
In current air traffic control system and especially in free flight method, the resolution of conflicts between different aircrafts is a critical problem. In recent years, conflict detection and resolution problem has be...
A Robust Statistical Color Edge Detection for Noisy Images
Edge detection is a fundamental tool that plays a significant role in image processing, and performance of high-level tasks such as image segmentation and object recognition depends on its efficiency. Therefore, edge det...
Improving Accuracy, Area and Speed of Approximate Floating-Point Multiplication Using Carry Prediction
The arithmetic units are the most essential in digital circuits’ construct, and the enhancement of their operation would optimize the whole digital system. Among them, multipliers are the most important operational units...
BER Performance Analysis of MIMO-OFDM Communication Systems Using Iterative Technique Over Indoor Power Line Channels in an Impulsive Noise Environment
This paper addresses the performance of MIMO-OFDM communication system in environments where the interfering noise exhibits non-Gaussian behavior due to impulsive phenomena. It presents the design and simulation of an it...