Electricity demand prediction using a hybrid approach / Syamnd Mirza Abdullah

Electricity demand prediction is an important field of study that supports the government in developing a good economic and control plan for the future of electricity power generation. Various techniques and tools have been utilized throughout the history of such predictions, and different parameter...

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Main Author: Syamnd Mirza, Abdullah
Format: Thesis
Published: 2017
Subjects:
Online Access:http://studentsrepo.um.edu.my/9936/
http://studentsrepo.um.edu.my/9936/1/Syamnd_Mirza_Abdullah.pdf
http://studentsrepo.um.edu.my/9936/2/Syamnd_Mirza_Abdullah_%E2%80%93_Thesis.pdf
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author Syamnd Mirza, Abdullah
author_facet Syamnd Mirza, Abdullah
author_sort Syamnd Mirza, Abdullah
building UM Research Repository
collection Online Access
description Electricity demand prediction is an important field of study that supports the government in developing a good economic and control plan for the future of electricity power generation. Various techniques and tools have been utilized throughout the history of such predictions, and different parameters have been analyzed. The main aims of studies in this field were to predict electricity demand and to minimize errors by analyzing various effects, such as that of the relation between the patterns of the data set and the utilized tools. In particular, this study focuses on reducing the degree of multicollinearity among independent variables to increase accuracy rate. In addition, the study aims to employ a combination system that accepts both linear and nonlinear patterns of the input data set to minimize the residual errors in prediction rate. To realize this objective, this thesis proposes a system that uses a hybrid approach that combines principal component analysis as a tool for lowering degree of multicollinearity, multiple linear regression (MLR) and a time series artificial neural network (ANN) to minimize errors. The novel electricity demand prediction model proposed in this thesis is called the principal component regression with back-propagation artificial neural networks model (PCR-BPNN). The data set fed into this model is the quarterly electricity usage in Malaysia from 1995 to 2013 provided by the Department of Statistics Malaysia. According to the performance indicators such as mean squared error, root mean squared error, and mean absolute percentage error, the PCR-BPNN model generates a more accurate predictions than previous methods such as principal component (PC)—MLR, PCNN, and PC-Support Vector regression models. The results indicate the expected electricity demand in Malaysia for 2020 will be 13702.91 Ktoe.
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spelling um-99362020-09-16T20:14:53Z Electricity demand prediction using a hybrid approach / Syamnd Mirza Abdullah Syamnd Mirza, Abdullah HC Economic History and Conditions Electricity demand prediction is an important field of study that supports the government in developing a good economic and control plan for the future of electricity power generation. Various techniques and tools have been utilized throughout the history of such predictions, and different parameters have been analyzed. The main aims of studies in this field were to predict electricity demand and to minimize errors by analyzing various effects, such as that of the relation between the patterns of the data set and the utilized tools. In particular, this study focuses on reducing the degree of multicollinearity among independent variables to increase accuracy rate. In addition, the study aims to employ a combination system that accepts both linear and nonlinear patterns of the input data set to minimize the residual errors in prediction rate. To realize this objective, this thesis proposes a system that uses a hybrid approach that combines principal component analysis as a tool for lowering degree of multicollinearity, multiple linear regression (MLR) and a time series artificial neural network (ANN) to minimize errors. The novel electricity demand prediction model proposed in this thesis is called the principal component regression with back-propagation artificial neural networks model (PCR-BPNN). The data set fed into this model is the quarterly electricity usage in Malaysia from 1995 to 2013 provided by the Department of Statistics Malaysia. According to the performance indicators such as mean squared error, root mean squared error, and mean absolute percentage error, the PCR-BPNN model generates a more accurate predictions than previous methods such as principal component (PC)—MLR, PCNN, and PC-Support Vector regression models. The results indicate the expected electricity demand in Malaysia for 2020 will be 13702.91 Ktoe. 2017-03 Thesis NonPeerReviewed application/pdf http://studentsrepo.um.edu.my/9936/1/Syamnd_Mirza_Abdullah.pdf application/pdf http://studentsrepo.um.edu.my/9936/2/Syamnd_Mirza_Abdullah_%E2%80%93_Thesis.pdf Syamnd Mirza, Abdullah (2017) Electricity demand prediction using a hybrid approach / Syamnd Mirza Abdullah. PhD thesis, University of Malaya. http://studentsrepo.um.edu.my/9936/
spellingShingle HC Economic History and Conditions
Syamnd Mirza, Abdullah
Electricity demand prediction using a hybrid approach / Syamnd Mirza Abdullah
title Electricity demand prediction using a hybrid approach / Syamnd Mirza Abdullah
title_full Electricity demand prediction using a hybrid approach / Syamnd Mirza Abdullah
title_fullStr Electricity demand prediction using a hybrid approach / Syamnd Mirza Abdullah
title_full_unstemmed Electricity demand prediction using a hybrid approach / Syamnd Mirza Abdullah
title_short Electricity demand prediction using a hybrid approach / Syamnd Mirza Abdullah
title_sort electricity demand prediction using a hybrid approach / syamnd mirza abdullah
topic HC Economic History and Conditions
url http://studentsrepo.um.edu.my/9936/
http://studentsrepo.um.edu.my/9936/1/Syamnd_Mirza_Abdullah.pdf
http://studentsrepo.um.edu.my/9936/2/Syamnd_Mirza_Abdullah_%E2%80%93_Thesis.pdf