RETRACTED: A Novel Day- ahead Electricity Price Forecasting Using multi-modal combined Integration via Stacked Pruning Sparse Denoising Auto Encoder

Abstract

One of the best options for managing energy markets and power system performance optimization is precise Electricity Price Forecasting (EPF). In detecting the prices of energy, some factors are of stochastic behavior which has made an unwieldy task. In this study, carrying out Tensor Canonical Correlation Analysis (TCCA) is the first activity to choose the operative parameters in EPF issues and removing redundant factors with low correlation ranks. The second activity is making use of a Deep Neural Network (DNN) with a novel Stacked Pruning Sparse Denoising Autoencoder (SPSDAE) to decrease the noise of data sets with different sources individually. The third activity is that a novel method which is called the Maximum Separation Subspace (MASES) in Sufficient Dimension Reduction (SDR) with Categorical Response. This method is used to detect the outstanding properties of the input data and removing the uncertainty characteristics. The new multi-modal combined (MMC) method is the final step that needs to be taken to predict the day-ahead (one day in advance) cost of electricity. The proposed method is investigated based on the data that were collected from Australia The combination of various predicting models and suggested methods might develop the function of predicting possibility by supplying divergent types of compactness performance. The combined model comprised of three predicting possibilities called beta circulation fitting, scattered Bayesian learning, core compactness prediction. Predicting data respectively are used as a yardstick to compare the efficiency of forecasted results and consequently assess the proposed method. Results of this study confirmed a decrease of effectual error criterion and accuracy enhancement in EPF field as the advantageous effects of this proposed SDR structure.