AbstractWildfires, which can cause significant damage to power systems, are mostly inevitable and unpredictable. Fire danger indexes, such as the Forest Fire Danger Index (FFDI) and the Canadian Fire Weather Index (FWI), measure the potential wildfire danger at a given time and location. Thus, by predicting these fire danger indexes in advance, power system operators can obtain valuable insight into the potential wildfire risks and can better be prepared to tackle the wildfires. However, due to dependency on weather conditions, these indexes usually have volatile time series, which make their prediction complex. Taking these facts into account, this paper, unlike previous approaches that predict fire danger indexes based on climatological models, develops a machine learning‐based forecast process to predict these indexes using the relevant weather data and past performance. To do this, first, a volatility analysis approach is presented to analyse the volatility level of the time series data of a fire danger index. Afterwards, an effective machine learning‐based forecast methodology using a new deep feature selection model is proposed to predict fire danger indexes. The developed forecast methodology is tested on the real‐world data of FFDI and FWI and is compared with several popular alternative methods reported in the literature.
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