Title
Highly accurate energy consumption forecasting model based on parallel LSTM neural networks
Abstract
The main challenges of the energy consumption forecasting problem are the concerns for reliability, stability, efficiency and accuracy of the forecasting methods. The existing forecasting models suffer from the volatility of the energy consumption data. It is desired for AI models that predict irregular sudden changes and capture long-term dependencies in the data. In this study, a novel hybrid AI empowered forecasting model that combines singular spectrum analysis (SSA) and parallel long short term memory (PLSTM) neural networks is proposed. The decomposition with the SSA enhanced the performance of the PLSTM network. According to the experimental results, the proposed model outperforms the state-of-the-art models at different time intervals in terms of both prediction accuracy and computational efficiency.
Year
DOI
Venue
2022
10.1016/j.aei.2021.101442
Advanced Engineering Informatics
Keywords
DocType
Volume
Long short term memory,Energy consumption,Time series data analysis,Forecasting,Singular spectrum analysis
Journal
51
ISSN
Citations 
PageRank 
1474-0346
1
0.36
References 
Authors
0
7
Name
Order
Citations
PageRank
N. Jin164.24
Fan Yang210.36
Yuchang Mo310.36
Yongkang Zeng420.70
Xiaokang Zhou510.36
Ke Yan631.74
Xiang Ma710.36