Short-term electric load forecasting using computational intelligence methods

Abstract

Accurate time series forecasting is a key issue to support individual and organizational decision making. In this paper, we introduce several methods for short-term electric load forecasting. All the presented methods stem from computational intelligence techniques: Random Forest, Nonlinear Autoregressive Neural Networks, Evolutionary Support Vector Machines and Fuzzy Inductive Reasoning. The performance of the suggested methods is experimentally justified with several experiments carried out, using a set of three time series from electricity consumption in the real-world domain, on different forecasting horizons.