Combination of artificial neural network and ARIMA time series models for short term price forecasting in deregulated market

2009 ◽  
Author(s):  
Phatchakorn Areekul ◽  
Tomonobu Senjyu ◽  
Hirofumi Toyama ◽  
Atsushi Yona
Keyword(s):  
Neural Network ◽  
Time Series ◽  
Artificial Neural Network ◽  
Time Series Models ◽  
Price Forecasting ◽  
Short Term ◽  
Artificial Neural

A Novel Intuitionistic Fuzzy Time Series Method Based on Bootstrapped Combined Pi-Sigma Artificial Neural Network

2021 ◽  
Vol 01 ◽  
Author(s):  
Eren Bas ◽  
Erol Egrioglu ◽  
Emine Kölemen
Keyword(s):  
Neural Network ◽  
Time Series ◽  
Artificial Neural Network ◽  
Stock Exchange ◽  
Fuzzy Time Series ◽  
Time Series Models ◽  
Intuitionistic Fuzzy ◽  
Forecasting Methods ◽  
Time Series Method ◽  
Artificial Neural

Background: Intuitionistic fuzzy time series forecasting methods have been started to solve the forecasting problems in the literature. Intuitionistic fuzzy time series methods use both membership and non-membership values as auxiliary variables in their models. Because intuitionistic fuzzy sets take into consideration the hesitation margin and so the intuitionistic fuzzy time series models use more information than fuzzy time series models. The background of this study is about intuitionistic fuzzy time series forecasting methods. Objective: The study aims to propose a novel intuitionistic fuzzy time series method. It is expected that the proposed method will produce better forecasts than some selected benchmarks. Method: The proposed method uses bootstrapped combined Pi-Sigma artificial neural network and intuitionistic fuzzy c-means. The combined Pi-Sigma artificial neural network is proposed to model the intuitionistic fuzzy relations. Results and Conclusion: The proposed method is applied to different sets of SP&500 stock exchange time series. The proposed method can provide more accurate forecasts than established benchmarks for the SP&500 stock exchange time series. The most important contribution of the proposed method is that it creates statistical inference: probabilistic forecasting, confidence intervals and the empirical distribution of the forecasts. Moreover, the proposed method is better than the selected benchmarks for the SP&500 data set.

scholarly journals Short Term Electric Load Forecasting of Kathmandu Valley of Nepal using Artificial Neural Network

2018 ◽  
Vol 1 (1) ◽  
pp. 43-48
Author(s):  
Binod Bhandari ◽  
Shree Raj Shakya ◽  
Ajay Kumar Jha
Keyword(s):  
Neural Network ◽  
Time Series ◽  
Artificial Neural Network ◽  
Load Flow ◽  
Kathmandu Valley ◽  
Electric Load ◽  
Short Term ◽  
Load Demand ◽  
The Neural Network ◽  
Artificial Neural

Decision making in the energy sector has to be based on accurate forecasts of the load demand. Short-term forecasting, which forms the focus of this paper, gives a day ahead hourly forecast of electric load. This forecast can help to make important decisions in the field of scheduling, contingency analysis, load flow analysis, preventing imbalance in the power generation and load demand, load switching strategies, thus leading to greater network reliability and power quality. A method called Artificial Neural Network is used to anticipate the future load of Kathmandu Valley of Nepal. The Neural Network is build, trained with historical data along with seven different input variables and used for prediction of day ahead 24 hours load. The output is validated with the real Load collected from NEA. In addition, forecasting is performed by some other time series methods as well, and whose output are compared with that of neural network. The range of Mean Absolute Deviation for four different time series models lied between 1.50-2.59. When the errors were calculated in terms of MSE and MAPE the range of these values were found to be in between 2.59-7.78, and 1.61- 5.07 respectively. The Artificial Neural Network proved to be the more accurate forecast method when the results are compared in terms of error measurements with a MAD having 1.23, MSE having 1.79 and MAPE having 1.17. The Neural Network proved to be more accurate method comparatively with satisfactory minimum error.

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