scholarly journals Multistep Wind Speed Forecasting Using a Novel Model Hybridizing Singular Spectrum Analysis, Modified Intelligent Optimization, and Rolling Elman Neural Network

2016 ◽  
Vol 2016 ◽  
pp. 1-21 ◽  
Author(s):  
Zhongshan Yang ◽  
Jian Wang

Wind speed high-accuracy forecasting, an important part of the electrical system monitoring and control, is of the essence to protect the safety of wind power utilization. However, the wind speed signals are always intermittent and intrinsic complexity; therefore, it is difficult to forecast them accurately. Many traditional wind speed forecasting studies have focused on single models, which leads to poor prediction accuracy. In this paper, a new hybrid model is proposed to overcome the shortcoming of single models by combining singular spectrum analysis, modified intelligent optimization, and the rolling Elman neural network. In this model, except for the multiple seasonal patterns used to reduce interferences from the original data, the rolling model is utilized to forecast the multistep wind speed. To verify the forecasting ability of the proposed hybrid model, 10 min and 60 min wind speed data from the province of Shandong, China, were proposed in this paper as the case study. Compared to the other models, the proposed hybrid model forecasts the wind speed with higher accuracy.

2021 ◽  
Vol 35 (6) ◽  
pp. 483-488
Author(s):  
Asmaa Y. Fathi ◽  
Ihab A. El-Khodary ◽  
Muhammad Saafan

The primary purpose of trading in stock markets is to profit from buying and selling listed stocks. However, numerous factors can influence the stock prices, such as the company's present financial situation, news, rumor, macroeconomics, psychological, economic, political, and geopolitical factors. Consequently, tremendous challenges already exist in predicting noisy stock prices. This paper proposes a hybrid model integrating the singular spectrum analysis (SSA) and the backpropagation neural network (BPNN) to forecast daily closing prices in stock markets. The model first decomposes the stock prices into several components using the SSA. Then, the extracted components are utilized for training BPNNs to forecast future prices. Compared with the BPNN, the hybrid SSA-BPNN model demonstrates a better predictive performance, indicating the SSA's ability to extract hidden information and reduce the noise effect of the original time series.


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