[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/eee/rensus/v16y2012i5p3471-3480.html
   My bibliography  Save this article

Evaluation of hybrid forecasting approaches for wind speed and power generation time series

Author

Listed:
  • Shi, Jing
  • Guo, Jinmei
  • Zheng, Songtao
Abstract
Forecasting of wind speed and wind power generation is indispensible for the effective operation of a wind farm, and the optimal management of its revenue and risks. Hybrid forecasting of time series data is considered to be a potentially viable alternative compared with the conventional single forecasting modeling approaches such as autoregressive integrated moving average (ARIMA), artificial neural network (ANN), and support vector machine (SVM). Hybrid forecasting typically consists of an ARIMA prediction model for the linear component of a time series and a nonlinear prediction model for the nonlinear component. In this paper, we systematically and comprehensively investigate the applicability of this methodology based on two case studies on wind speed and wind power generation, respectively. Two hybrid models, namely, ARIMA–ANN and ARIMA–SVM, are selected to compare with the single ARIMA, ANN, and SVM forecasting models. The results show that the hybrid approaches are viable options for forecasting both wind speed and wind power generation time series, but they do not always produce superior forecasting performance for all the forecasting time horizons investigated.

Suggested Citation

  • Shi, Jing & Guo, Jinmei & Zheng, Songtao, 2012. "Evaluation of hybrid forecasting approaches for wind speed and power generation time series," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(5), pages 3471-3480.
    • Handle: RePEc:eee:rensus:v:16:y:2012:i:5:p:3471-3480
    DOI: 10.1016/j.rser.2012.02.044
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1364032112001384
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.rser.2012.02.044?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Liu, Heping & Shi, Jing & Erdem, Ergin, 2010. "Prediction of wind speed time series using modified Taylor Kriging method," Energy, Elsevier, vol. 35(12), pages 4870-4879.
    2. Li, Gong & Shi, Jing, 2010. "On comparing three artificial neural networks for wind speed forecasting," Applied Energy, Elsevier, vol. 87(7), pages 2313-2320, July.
    3. Zhang, G. Peter & Qi, Min, 2005. "Neural network forecasting for seasonal and trend time series," European Journal of Operational Research, Elsevier, vol. 160(2), pages 501-514, January.
    4. Pai, Ping-Feng & Lin, Chih-Sheng, 2005. "A hybrid ARIMA and support vector machines model in stock price forecasting," Omega, Elsevier, vol. 33(6), pages 497-505, December.
    5. Cadenas, Erasmo & Rivera, Wilfrido, 2010. "Wind speed forecasting in three different regions of Mexico, using a hybrid ARIMA–ANN model," Renewable Energy, Elsevier, vol. 35(12), pages 2732-2738.
    6. Sanchez, Ismael, 2006. "Short-term prediction of wind energy production," International Journal of Forecasting, Elsevier, vol. 22(1), pages 43-56.
    7. Riahy, G.H. & Abedi, M., 2008. "Short term wind speed forecasting for wind turbine applications using linear prediction method," Renewable Energy, Elsevier, vol. 33(1), pages 35-41.
    8. Li, Gong & Shi, Jing & Zhou, Junyi, 2011. "Bayesian adaptive combination of short-term wind speed forecasts from neural network models," Renewable Energy, Elsevier, vol. 36(1), pages 352-359.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wang, Jianzhou & Qin, Shanshan & Zhou, Qingping & Jiang, Haiyan, 2015. "Medium-term wind speeds forecasting utilizing hybrid models for three different sites in Xinjiang, China," Renewable Energy, Elsevier, vol. 76(C), pages 91-101.
    2. Wang, Jianzhou & Xiong, Shenghua, 2014. "A hybrid forecasting model based on outlier detection and fuzzy time series – A case study on Hainan wind farm of China," Energy, Elsevier, vol. 76(C), pages 526-541.
    3. Yu, Jie & Chen, Kuilin & Mori, Junichi & Rashid, Mudassir M., 2013. "A Gaussian mixture copula model based localized Gaussian process regression approach for long-term wind speed prediction," Energy, Elsevier, vol. 61(C), pages 673-686.
    4. Tascikaraoglu, A. & Uzunoglu, M., 2014. "A review of combined approaches for prediction of short-term wind speed and power," Renewable and Sustainable Energy Reviews, Elsevier, vol. 34(C), pages 243-254.
    5. Jung, Jaesung & Broadwater, Robert P., 2014. "Current status and future advances for wind speed and power forecasting," Renewable and Sustainable Energy Reviews, Elsevier, vol. 31(C), pages 762-777.
    6. Erasmo Cadenas & Wilfrido Rivera & Rafael Campos-Amezcua & Christopher Heard, 2016. "Wind Speed Prediction Using a Univariate ARIMA Model and a Multivariate NARX Model," Energies, MDPI, vol. 9(2), pages 1-15, February.
    7. Zhang, Wenyu & Wu, Jie & Wang, Jianzhou & Zhao, Weigang & Shen, Lin, 2012. "Performance analysis of four modified approaches for wind speed forecasting," Applied Energy, Elsevier, vol. 99(C), pages 324-333.
    8. Zhao, Yongning & Ye, Lin & Li, Zhi & Song, Xuri & Lang, Yansheng & Su, Jian, 2016. "A novel bidirectional mechanism based on time series model for wind power forecasting," Applied Energy, Elsevier, vol. 177(C), pages 793-803.
    9. Jha, Sunil Kr. & Bilalovic, Jasmin & Jha, Anju & Patel, Nilesh & Zhang, Han, 2017. "Renewable energy: Present research and future scope of Artificial Intelligence," Renewable and Sustainable Energy Reviews, Elsevier, vol. 77(C), pages 297-317.
    10. Zhang, Yu & Li, Yanting & Zhang, Guangyao, 2020. "Short-term wind power forecasting approach based on Seq2Seq model using NWP data," Energy, Elsevier, vol. 213(C).
    11. Yang, Zhongshan & Wang, Jian, 2018. "A combination forecasting approach applied in multistep wind speed forecasting based on a data processing strategy and an optimized artificial intelligence algorithm," Applied Energy, Elsevier, vol. 230(C), pages 1108-1125.
    12. De Giorgi, Maria Grazia & Ficarella, Antonio & Tarantino, Marco, 2011. "Assessment of the benefits of numerical weather predictions in wind power forecasting based on statistical methods," Energy, Elsevier, vol. 36(7), pages 3968-3978.
    13. Jujie Wang & Yanfeng Wang & Yaning Li, 2018. "A Novel Hybrid Strategy Using Three-Phase Feature Extraction and a Weighted Regularized Extreme Learning Machine for Multi-Step Ahead Wind Speed Prediction," Energies, MDPI, vol. 11(2), pages 1-33, February.
    14. Haque, Ashraf U. & Mandal, Paras & Kaye, Mary E. & Meng, Julian & Chang, Liuchen & Senjyu, Tomonobu, 2012. "A new strategy for predicting short-term wind speed using soft computing models," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(7), pages 4563-4573.
    15. Flores, Juan J. & Graff, Mario & Rodriguez, Hector, 2012. "Evolutive design of ARMA and ANN models for time series forecasting," Renewable Energy, Elsevier, vol. 44(C), pages 225-230.
    16. Ata, Rasit, 2015. "Artificial neural networks applications in wind energy systems: a review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 49(C), pages 534-562.
    17. Koo, Junmo & Han, Gwon Deok & Choi, Hyung Jong & Shim, Joon Hyung, 2015. "Wind-speed prediction and analysis based on geological and distance variables using an artificial neural network: A case study in South Korea," Energy, Elsevier, vol. 93(P2), pages 1296-1302.
    18. Camelo, Henrique do Nascimento & Lucio, Paulo Sérgio & Leal Junior, João Bosco Verçosa & Carvalho, Paulo Cesar Marques de & Santos, Daniel von Glehn dos, 2018. "Innovative hybrid models for forecasting time series applied in wind generation based on the combination of time series models with artificial neural networks," Energy, Elsevier, vol. 151(C), pages 347-357.
    19. Akçay, Hüseyin & Filik, Tansu, 2017. "Short-term wind speed forecasting by spectral analysis from long-term observations with missing values," Applied Energy, Elsevier, vol. 191(C), pages 653-662.
    20. Liu, Hui & Duan, Zhu & Li, Yanfei & Lu, Haibo, 2018. "A novel ensemble model of different mother wavelets for wind speed multi-step forecasting," Applied Energy, Elsevier, vol. 228(C), pages 1783-1800.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:rensus:v:16:y:2012:i:5:p:3471-3480. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.