Research on Short-term Time Series Forecasting Method Based on Feature Fusion of Electric Power

Abstract

In the power industry, time series forecasting has many application scenarios, such as accurate electricity consumption forecasting and load forecasting, which can provide a reference for power grid staff and reduce decision-making costs. To improve the accuracy of short-term load forecasting, this paper proposes a hybrid forecasting model based on an improved encoder-decoder architecture model and a Temporal Convolutional Network. Based on the gate recurrent unit, the model in this paper introduces the encoder-decoder architecture, adds the attention mechanism for improving the prediction accuracy, and performs feature fusion with the Temporal Convolutional Network, building a dual-feature fusion model finally. Experiments show that the method proposed in this paper reduces the evaluation metrics RMSE, MAPE and MAE by 7.7%, 15.2%, and 13.9% respectively compared to the Long Short-Term Memory Networks. Compared with the Temporal Convolutional Network, it is reduced by 2.6%, 4.8%, and 4%.