2021
DOI: 10.3390/s21238096
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Energy Consumption Forecasting for Smart Meters Using Extreme Learning Machine Ensemble

Abstract: The employment of smart meters for energy consumption monitoring is essential for planning and management of power generation systems. In this context, forecasting energy consumption is a valuable asset for decision making, since it can improve the predictability of forthcoming demand to energy providers. In this work, we propose a data-driven ensemble that combines five single well-known models in the forecasting literature: a statistical linear autoregressive model and four artificial neural networks: (radia… Show more

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Cited by 13 publications
(5 citation statements)
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References 65 publications
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“…• Demand response, by managing energy demand in real-time and balancing the energy supply and demand [15][16][17] , reducing the need for expensive peak generation. • Power system planning, by making predictions about future energy demand [18][19][20] , helping energy companies to plan for the future and make informed decisions about investments in generation and transmission. • Design of policies and programs to encourage energy conservation and promote the use of renewable energy sources, by understanding human behavior related to energy consumption 11,21,22 .…”
Section: Background and Summarymentioning
confidence: 99%
“…• Demand response, by managing energy demand in real-time and balancing the energy supply and demand [15][16][17] , reducing the need for expensive peak generation. • Power system planning, by making predictions about future energy demand [18][19][20] , helping energy companies to plan for the future and make informed decisions about investments in generation and transmission. • Design of policies and programs to encourage energy conservation and promote the use of renewable energy sources, by understanding human behavior related to energy consumption 11,21,22 .…”
Section: Background and Summarymentioning
confidence: 99%
“…They find that the hybrid model employed generates a superior forecast compared to ARIMA, SVR and other variants. Neto et al 33 proffer a data-driven ensemble that combines five forecast methods by employing extreme learning machines (ELM) as the combination model. They find that the ELM-based ensemble is superior to the single forecast approaches.…”
Section: Literature Reviewmentioning
confidence: 99%
“…ANNs have better superiority in assessing electrocardiogram (ECG) data [19], while SVMs are in disease stratification [20]. However, ANNs and SVMs could not dispose all conditions equally because of over-fitting, underfitting, and misspecification [21]. Deep learning has relatively good performance in processing image data, and current deep learning algorithms in cardiovascular medicine include convolutional neural networks (CNNs), recurrent neural networks (RNNs), and deep neural networks (DNNs) [22].…”
Section: Introductionmentioning
confidence: 99%