A combination approach based on a novel data clustering method and Bayesian recurrent neural network for day-ahead price forecasting of electricity markets

2019 ◽  
Vol 168 ◽  
pp. 184-199 ◽  
Author(s):  
M. Ghayekhloo ◽  
R. Azimi ◽  
M. Ghofrani ◽  
M.B. Menhaj ◽  
E. Shekari
Author(s):  
Siti Aisyah Mohamed ◽  
Muhaini Othman ◽  
Mohd Hafizul Afifi

The evolution of Artificial Neural Network recently gives researchers an interest to explore deep learning evolved by Spiking Neural Network clustering methods. Spiking Neural Network (SNN) models captured neuronal behaviour more precisely than a traditional neural network as it contains the theory of time into their functioning model [1]. The aim of this paper is to reviewed studies that are related to clustering problems employing Spiking Neural Networks models. Even though there are many algorithms used to solve clustering problems, most of the methods are only suitable for static data and fixed windows of time series. Hence, there is a need to analyse complex data type, the potential for improvement is encouraged. Therefore, this paper summarized the significant result obtains by implying SNN models in different clustering approach. Thus, the findings of this paper could demonstrate the purpose of clustering method using SNN for the fellow researchers from various disciplines to discover and understand complex data.


Recent years have seen the wide use of Time series forecasting (TSF) for predicting the future price stock, modeling and analyzing of finance time series helps in guiding the trades and investors decision. Moreover considering the stock as the dynamic environment, it is pronounced as the non-linearity of time series which affects the stock price forecast immediately. Hence, in this research work we propose intelligent TSF model, which helps in forecasting the early prediction of stock prices. The proposed stock price forecasting model employed both short-term (i.e. recent behavior fluctuation) using log bilinear (LBL) model and long-term (i.e., historical) behavior using recurrent neural network (RNN) based LSTM (long short term memory )model. Subsequently, this model is mainly helpful for the home brokers since they do not possess enough knowledge about the stock market. Proposed RNNLBL hybrid model shows the satisfying forecasting performance, these results in overall profit for the investors and trades. Furthermore, proposed model possesses a promising forecasting in case of the non-linear time series since the pattern of non-linear pattern are highly improbable to capture through these state-of-art stock price forecasting models.


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