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Home / programming language / Online Java Projects / Robust Big Data Analytics for Electr icity Pr ice Forecasting in the Smart Grid
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Robust Big Data Analytics for Electr icity Pr ice Forecasting in the Smart Grid

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Robust Big Data Analytics for Electr icity Pr ice Forecasting in the Smart Grid

Abstract– Electricity price forecasting is a significant part of smart grid because it makes smart grid cost efficient. Nevertheless, existing methods for price forecasting may be difficult to handle with huge price data in the grid, since the redundancy from feature selection cannot be averted and an integrated infrastructure is also lacked for coordinating the procedures in electricity price forecasting. To solve such a problem, a novel electricity price forecasting model is developed. Specifically, three modules are integrated in the proposed model. First, by merging of Random Forest (RF) and Relief-F algorithm, we propose a hybrid feature selector based on
Grey Correlation Analysis (GCA) to eliminate the feature redundancy. Second, an integration of Kernel function and Principle Component Analysis (KPCA) is used in feature extraction process to realize the dimensionality reduction. Finally, to forecast price classification, we put forward a differential evolution (DE) based Support Vector Machine (SVM) classifier. Our proposed electricity price forecasting model is realized via these three parts. Numerical results show that our proposal has superior performance than other methods.

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