Power Load Prediction Based on a Hybrid Forecast Algorithm
Power load prediction is an important task for the electrical power system. The nonstationary, nonlinear and volatile characteristics of power load data make more difficult for the accurate load prediction. This paper presents a hybrid forecast algorithm based on wavelet transform and support vector machines for power load prediction. The hybrid algorithm firstly decomposed the load series to several subseries with obvious tendency by wavelet transform. Then these subseries are forecasted with least square support vector machines (LS-SVM), an extension of standard support vector machines, respectively. Finally these forecast results were reconstructed as the prediction of original power load series. The effective simulation results of above algorithm were testified based on a sample load series.