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• W3019178348 abstract "This work presents a Long Short-Term Memory (LSTM) network for forecasting a monthly electricity demand time series with a one-year horizon. The novelty of this work is the use of pattern representation of the seasonal time series as an alternative to decomposition. Pattern representation simplifies the complex nonlinear and nonstationary time series, filtering out the trend and equalizing variance. Two types of patterns are defined: x-pattern and y-pattern. The former requires additional forecasting for the coding variables. The latter determines the coding variables from the process history. A hybrid approach based on x-patterns turned out to be more accurate than the standard LSTM approach based on a raw time series. In this combined approach an x-pattern is forecasted using a sequence-to-sequence LSTM network and the coding variables are forecasted using exponential smoothing. A simulation study performed on the monthly electricity demand time series for 35 European countries confirmed the high performance of the proposed model and its competitiveness to classical models such as ARIMA and exponential smoothing as well as the MLP neural network model." @default.
• W3019178348 created "2020-05-01" @default.
• W3019178348 creator A5038525019 @default.
• W3019178348 creator A5082473388 @default.
• W3019178348 date "2020-04-22" @default.
• W3019178348 modified "2023-09-27" @default.
• W3019178348 title "Pattern-based Long Short-term Memory for Mid-term Electrical Load Forecasting" @default.
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• W3019178348 hasPublicationYear "2020" @default.
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