Title
Solar power time series forecasting utilising wavelet coefficients
Abstract
Accurate and reliable prediction of photovoltaic (PV) power output is critical to electricity grid stability and power dispatching capabilities. However, PV power generation is highly volatile and unstable due to different reasons. The wavelet transform (WT) has been utilised in time series applications, such as PV power prediction, to model the stochastic volatility and reduce prediction errors. Yet the existing WT approach has a limitation in terms of time complexity. It requires reconstructing the decomposed components and modelling them separately and thus needs more time for reconstruction, model configuration and training. The aim of this study is to improve the efficiency of applying WT by proposing a new method that uses a single simplified model. Given a time series and its WT coefficients, it trains one model with the coefficients as features and the original time series as labels. This eliminates the need for component reconstruction and training numerous models. This work contributes to the day-ahead aggregated solar PV power time series prediction problem by proposing and comprehensively evaluating a new approach of employing WT. The proposed approach is evaluated using 17 months of aggregated solar PV power data from two real-world datasets. The evaluation includes the use of a variety of prediction models, including Linear Regression, Random Forest, Support Vector Regression, and Convolutional Neural Networks. The results indicate that using a coefficients-based strategy can give predictions that are comparable to those obtained using the components-based approach while requiring fewer models and less computational time.
Year
DOI
Venue
2022
10.1016/j.neucom.2022.08.016
Neurocomputing
Keywords
DocType
Volume
Time series,Photovoltaic power,Forecasting,Wavelet transform,Machine learning
Journal
508
ISSN
Citations 
PageRank 
0925-2312
0
0.34
References 
Authors
0
4
Name
Order
Citations
PageRank
Sarah Almaghrabi100.34
Mashud Rana200.34
Margaret Hamilton300.68
Mohammad Saiedur Rahaman4158.41