IDEAS home Printed from https://ideas.repec.org/a/eee/ejores/v221y2012i1p148-154.html
   My bibliography  Save this article

Forecasting wind speed with recurrent neural networks

Author

Listed:
  • Cao, Qing
  • Ewing, Bradley T.
  • Thompson, Mark A.

Abstract

This research presents a comparative analysis of the wind speed forecasting accuracy of univariate and multivariate ARIMA models with their recurrent neural network counterparts. The analysis utilizes contemporaneous wind speed time histories taken from the same tower location at five different heights above ground level. A unique aspect of the study is the exploitation of information contained in the wind histories for the various heights when producing forecasts of wind speed for the various heights. The findings indicate that multivariate models perform better than univariate models and that the recurrent neural network models outperform the ARIMA models. The results have important implications for a variety of engineering applications and business related operations.

Suggested Citation

  • Cao, Qing & Ewing, Bradley T. & Thompson, Mark A., 2012. "Forecasting wind speed with recurrent neural networks," European Journal of Operational Research, Elsevier, vol. 221(1), pages 148-154.
    • Handle: RePEc:eee:ejores:v:221:y:2012:i:1:p:148-154
    DOI: 10.1016/j.ejor.2012.02.042
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0377221712001920
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.ejor.2012.02.042?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. YongSeog Kim & W. Nick Street & Gary J. Russell & Filippo Menczer, 2005. "Customer Targeting: A Neural Network Approach Guided by Genetic Algorithms," Management Science, INFORMS, vol. 51(2), pages 264-276, February.
    2. Kavasseri, Rajesh G. & Seetharaman, Krithika, 2009. "Day-ahead wind speed forecasting using f-ARIMA models," Renewable Energy, Elsevier, vol. 34(5), pages 1388-1393.
    3. Gneiting, Tilmann & Larson, Kristin & Westrick, Kenneth & Genton, Marc G. & Aldrich, Eric, 2006. "Calibrated Probabilistic Forecasting at the Stateline Wind Energy Center: The Regime-Switching SpaceTime Method," Journal of the American Statistical Association, American Statistical Association, vol. 101, pages 968-979, September.
    4. Hahn, Heiko & Meyer-Nieberg, Silja & Pickl, Stefan, 2009. "Electric load forecasting methods: Tools for decision making," European Journal of Operational Research, Elsevier, vol. 199(3), pages 902-907, December.
    5. Huang, Sun-Jen & Chiu, Nan-Hsing & Chen, Li-Wei, 2008. "Integration of the grey relational analysis with genetic algorithm for software effort estimation," European Journal of Operational Research, Elsevier, vol. 188(3), pages 898-909, August.
    6. Sfetsos, A., 2002. "A novel approach for the forecasting of mean hourly wind speed time series," Renewable Energy, Elsevier, vol. 27(2), pages 163-174.
    7. Jónsson, Tryggvi & Pinson, Pierre & Madsen, Henrik, 2010. "On the market impact of wind energy forecasts," Energy Economics, Elsevier, vol. 32(2), pages 313-320, March.
    8. Sfetsos, A., 2000. "A comparison of various forecasting techniques applied to mean hourly wind speed time series," Renewable Energy, Elsevier, vol. 21(1), pages 23-35.
    9. Regnier, Eva, 2008. "Doing something about the weather," Omega, Elsevier, vol. 36(1), pages 22-32, February.
    10. Landajo, Manuel & de Andres, Javier & Lorca, Pedro, 2007. "Robust neural modeling for the cross-sectional analysis of accounting information," European Journal of Operational Research, Elsevier, vol. 177(2), pages 1232-1252, March.
    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. Ebadi Jalal, Mona & Hosseini, Monireh & Karlsson, Stefan, 2016. "Forecasting incoming call volumes in call centers with recurrent Neural Networks," Journal of Business Research, Elsevier, vol. 69(11), pages 4811-4814.
    2. Jiang, Yu & Song, Zhe & Kusiak, Andrew, 2013. "Very short-term wind speed forecasting with Bayesian structural break model," Renewable Energy, Elsevier, vol. 50(C), pages 637-647.
    3. Jiani Heng & Chen Wang & Xuejing Zhao & Liye Xiao, 2016. "Research and Application Based on Adaptive Boosting Strategy and Modified CGFPA Algorithm: A Case Study for Wind Speed Forecasting," Sustainability, MDPI, vol. 8(3), pages 1-25, March.
    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. 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. 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.
    7. Hossein Etemadi & Ahmad Ahmadpour & Seyed Moshashaei, 2015. "Earnings Per Share Forecast Using Extracted Rules from Trained Neural Network by Genetic Algorithm," Computational Economics, Springer;Society for Computational Economics, vol. 46(1), pages 55-63, June.
    8. Yuan, Shengxi & Kocaman, Ayse Selin & Modi, Vijay, 2017. "Benefits of forecasting and energy storage in isolated grids with large wind penetration – The case of Sao Vicente," Renewable Energy, Elsevier, vol. 105(C), pages 167-174.
    9. Shah, Kamran Ali & Meng, Fantai & Li, Ye & Nagamune, Ryozo & Zhou, Yarong & Ren, Zhengru & Jiang, Zhiyu, 2021. "A synthesis of feasible control methods for floating offshore wind turbine system dynamics," Renewable and Sustainable Energy Reviews, Elsevier, vol. 151(C).
    10. Liu, Hui & Chen, Chao & Tian, Hong-qi & Li, Yan-fei, 2012. "A hybrid model for wind speed prediction using empirical mode decomposition and artificial neural networks," Renewable Energy, Elsevier, vol. 48(C), pages 545-556.
    11. Jiang, Ping & Wang, Yun & Wang, Jianzhou, 2017. "Short-term wind speed forecasting using a hybrid model," Energy, Elsevier, vol. 119(C), pages 561-577.
    12. A. Alexandridis & A. Zapranis, 2013. "Wind Derivatives: Modeling and Pricing," Computational Economics, Springer;Society for Computational Economics, vol. 41(3), pages 299-326, March.
    13. Rana Muhammad Adnan & Zhongmin Liang & Xiaohui Yuan & Ozgur Kisi & Muhammad Akhlaq & Binquan Li, 2019. "Comparison of LSSVR, M5RT, NF-GP, and NF-SC Models for Predictions of Hourly Wind Speed and Wind Power Based on Cross-Validation," Energies, MDPI, vol. 12(2), pages 1-22, January.
    14. Xydas, Erotokritos & Qadrdan, Meysam & Marmaras, Charalampos & Cipcigan, Liana & Jenkins, Nick & Ameli, Hossein, 2017. "Probabilistic wind power forecasting and its application in the scheduling of gas-fired generators," Applied Energy, Elsevier, vol. 192(C), pages 382-394.
    15. He, Qingqing & Wang, Jianzhou & Lu, Haiyan, 2018. "A hybrid system for short-term wind speed forecasting," Applied Energy, Elsevier, vol. 226(C), pages 756-771.
    16. 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.
    17. 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.
    18. Tansu Filik, 2016. "Improved Spatio-Temporal Linear Models for Very Short-Term Wind Speed Forecasting," Energies, MDPI, vol. 9(3), pages 1-15, March.
    19. 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.
    20. Turbelin, Grégory & Ngae, Pierre & Grignon, Michel, 2009. "Wavelet cross-correlation analysis of wind speed series generated by ANN based models," Renewable Energy, Elsevier, vol. 34(4), pages 1024-1032.

    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:ejores:v:221:y:2012:i:1:p:148-154. 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/locate/eor .

    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.