1. Granular Weighted Fuzzy Approach Applied to Short-Term Load Demand Forecasting.
- Author
-
Züge, Cesar Vinicius and Coelho, Leandro dos Santos
- Subjects
STANDARD deviations ,TIME series analysis ,MOVING average process ,FUZZY algorithms ,TIME perspective ,DEMAND forecasting - Abstract
The development of accurate models to forecast load demand across different time horizons is challenging due to demand patterns and endogenous variables that affect short-term and long-term demand. This paper presents two contributions. First, it addresses the problem of the accuracy of the probabilistic forecasting model for short-term time series where endogenous variables interfere by emphasizing a low computational cost and efficient approach such as Granular Weighted Multivariate Fuzzy Time Series (GranularWMFTS) based on the fuzzy information granules method and a univariate form named Probabilistic Fuzzy Time Series. Secondly, it compares time series forecasting models based on algorithms such as Holt-Winters, Auto-Regressive Integrated Moving Average, High Order Fuzzy Time Series, Weighted High Order Fuzzy Time Series, and Multivariate Fuzzy Time Series (MVFTS) where this paper is based on Root Mean Squared Error, Symmetric Mean Absolute Percentage Error, and Theil's U Statistic criteria relying on 5% error criteria. Finally, it presents the concept and nuances of the forecasting approaches evaluated, highlighting the differences between fuzzy algorithms in terms of fuzzy logical relationship, fuzzy logical relationship group, and fuzzification in the training phase. Overall, the GranularWMVFTS and weighted MVFTS outperformed other evaluated forecasting approaches regarding the performance criteria adopted with a low computational cost. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF