1. An efficient short term load demand forecasting using a novel parallel CNN-BiLSTM hybrid neural network for Bangladesh perspective.
- Author
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Al-Amin, Md. Thesun, Hossain, Al-Amin, Jawad, Tahmid, and Rahmand, Md. Abdur
- Subjects
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DEMAND forecasting , *TIME series analysis , *FORECASTING , *POWER plants , *PERCENTILES , *LOAD forecasting (Electric power systems) - Abstract
The accurate operation and planning of power plants depend heavily on the ability of utilities to estimate load demand, which also enables them to allocate resources more efficiently and guarantee a steady flow of electricity. Modern models have limited relevance in real-world situations and demonstrate severe non-linearity in load information from forecasts that are now accessible. But for practical use, the field of energy forecasting needs more flexibility, enhanced prediction accuracy, and resilience. This study proposes a brand-new method for anticipating short-term load demand that has been uniquely developed for Bangladesh. An extensive dataset made up of historical load demand data, weather factors, and Bangladesh-specific calendar data is used to train and test the model that is suggested. The dataset spans six years of load demand data, covering several seasonal trends. The proposed model uses a parallel CNN-BiLSTM architecture. In this architecture, the BiLSTM module keeps track of temporal relationships and learns long-term trends, while the CNN module pulls out spatial features from the merged dataset. The parallel nature of the model enables it to capture the intricate correlations visible in the load demand time series data. The model also makes use of parallel processing's advantages, which boost the effectiveness of computation. Based on the results of experiments, the proposed CNN-BiLSTM hybrid computational neural network system is better at making accurate predictions than baseline models and traditional forecasting methods. The model successfully captures short-term load demand changes, enabling providers to build facilities, balance load, and schedule resources accordingly. The Mean Absolute Percentage Error (MAPE) and R-squared score, which surpass the existing state-of-the-art models, were taken into consideration for evaluation. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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