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A research of Monte Carlo optimized neural network for electricity load forecast

Journal Article


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Abstract


  • In this paper, we apply the Monte Carlo neural network (MCNN), a type of neural network optimized by Monte Carlo algorithm, to electricity load forecast. Meanwhile, deep MCNNs with one, two and three hidden layers are designed. Results have demonstrated that three-layer MCNN improves 70.35% accuracy for 7-week electricity load forecast, compared with traditional neural network. And five-layer MCNN improves 17.24% accuracy for 7-week forecast. This proves that MCNN has great potential in electricity load forecast.

Authors


  •   Yong, Binbin (external author)
  •   Huang, Liang (external author)
  •   Li, Fucun (external author)
  •   Shen, Jun
  •   Wang, Xin (external author)
  •   Zhou, Qingguo (external author)

Publication Date


  • 2019

Citation


  • Yong, B., Huang, L., Li, F., Shen, J., Wang, X. & Zhou, Q. (2019). A research of Monte Carlo optimized neural network for electricity load forecast. The Journal of Supercomputing, Online First 1-14.

Ro Full-text Url


  • https://ro.uow.edu.au/cgi/viewcontent.cgi?article=3469&context=eispapers1

Ro Metadata Url


  • http://ro.uow.edu.au/eispapers1/2462

Number Of Pages


  • 13

Start Page


  • 1

End Page


  • 14

Volume


  • Online First

Place Of Publication


  • United Kingdom

Abstract


  • In this paper, we apply the Monte Carlo neural network (MCNN), a type of neural network optimized by Monte Carlo algorithm, to electricity load forecast. Meanwhile, deep MCNNs with one, two and three hidden layers are designed. Results have demonstrated that three-layer MCNN improves 70.35% accuracy for 7-week electricity load forecast, compared with traditional neural network. And five-layer MCNN improves 17.24% accuracy for 7-week forecast. This proves that MCNN has great potential in electricity load forecast.

Authors


  •   Yong, Binbin (external author)
  •   Huang, Liang (external author)
  •   Li, Fucun (external author)
  •   Shen, Jun
  •   Wang, Xin (external author)
  •   Zhou, Qingguo (external author)

Publication Date


  • 2019

Citation


  • Yong, B., Huang, L., Li, F., Shen, J., Wang, X. & Zhou, Q. (2019). A research of Monte Carlo optimized neural network for electricity load forecast. The Journal of Supercomputing, Online First 1-14.

Ro Full-text Url


  • https://ro.uow.edu.au/cgi/viewcontent.cgi?article=3469&context=eispapers1

Ro Metadata Url


  • http://ro.uow.edu.au/eispapers1/2462

Number Of Pages


  • 13

Start Page


  • 1

End Page


  • 14

Volume


  • Online First

Place Of Publication


  • United Kingdom