Forecasting Daily Electricity Price by Hybrid Model of Fractional Wavelet Transform, Feature Selection, Support Vector Machine and Optimization Algorithm

Forecasting Daily Electricity Price by Hybrid Model of Fractional Wavelet Transform, Feature Selection, Support Vector Machine and Optimization Algorithm

This paper proposes a novel hybrid forecasting model with three main parts to accurately forecast daily electricity prices. In the first part, where data are divided into high- and low-frequency data using the fractional wavelet transform, the best data with the highest relevancy are selected, using...

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Bibliographic Details
Main Authors: Rahmad Syah, Afshin Davarpanah, Marischa Elveny, Ashish Kumar Karmaker, Mahyuddin K. M. Nasution, Md. Alamgir Hossain
Format: Article
Language:English
Published: MDPI AG 2021-09-01
Series:Electronics
Subjects:
price forecast
optimization algorithm
support vector network
ARIMA
fractional wavelet transform
Online Access:https://www.mdpi.com/2079-9292/10/18/2214

Internet

https://www.mdpi.com/2079-9292/10/18/2214

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