Comprehensive and Comparative Analysis of GAM-Based PV Power Forecasting Models Using Multidimensional Tensor Product Splines against Machine Learning Techniques
In recent years, as photovoltaic (PV) power generation has rapidly increased on a global scale, there is a growing need for a highly accurate power generation forecasting model that is easy to implement for a wide range of electric utilities. Against this background, this study proposes a PV power f...
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2021
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oai:doaj.org-article:8ba2d519aae34f3ab6e05f64fe8a2fce2021-11-11T15:56:00ZComprehensive and Comparative Analysis of GAM-Based PV Power Forecasting Models Using Multidimensional Tensor Product Splines against Machine Learning Techniques10.3390/en142171461996-1073https://doaj.org/article/8ba2d519aae34f3ab6e05f64fe8a2fce2021-11-01T00:00:00Zhttps://www.mdpi.com/1996-1073/14/21/7146https://doaj.org/toc/1996-1073In recent years, as photovoltaic (PV) power generation has rapidly increased on a global scale, there is a growing need for a highly accurate power generation forecasting model that is easy to implement for a wide range of electric utilities. Against this background, this study proposes a PV power forecasting model based on the generalized additive model (GAM) and compares its forecasting accuracy with four popular machine learning methods: k-nearest neighbor, artificial neural networks, support vector regression, and random forest. The empirical analysis provides an intuitive interpretation of the multidimensional smooth trends estimated by the GAM as tensor product splines and confirms the validity of the proposed modeling structure. The effectiveness of GAM is particularly evident in trend completion for missing data, where it is able to flexibly express the tangled trend structure inherent in time series data, and thus has an advantage not only in interpretability but also in improving forecast accuracy.Takuji MatsumotoYuji YamadaMDPI AGarticlen/aTechnologyTENEnergies, Vol 14, Iss 7146, p 7146 (2021) |
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n/a Technology T Takuji Matsumoto Yuji Yamada Comprehensive and Comparative Analysis of GAM-Based PV Power Forecasting Models Using Multidimensional Tensor Product Splines against Machine Learning Techniques |
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In recent years, as photovoltaic (PV) power generation has rapidly increased on a global scale, there is a growing need for a highly accurate power generation forecasting model that is easy to implement for a wide range of electric utilities. Against this background, this study proposes a PV power forecasting model based on the generalized additive model (GAM) and compares its forecasting accuracy with four popular machine learning methods: k-nearest neighbor, artificial neural networks, support vector regression, and random forest. The empirical analysis provides an intuitive interpretation of the multidimensional smooth trends estimated by the GAM as tensor product splines and confirms the validity of the proposed modeling structure. The effectiveness of GAM is particularly evident in trend completion for missing data, where it is able to flexibly express the tangled trend structure inherent in time series data, and thus has an advantage not only in interpretability but also in improving forecast accuracy. |
format |
article |
author |
Takuji Matsumoto Yuji Yamada |
author_facet |
Takuji Matsumoto Yuji Yamada |
author_sort |
Takuji Matsumoto |
title |
Comprehensive and Comparative Analysis of GAM-Based PV Power Forecasting Models Using Multidimensional Tensor Product Splines against Machine Learning Techniques |
title_short |
Comprehensive and Comparative Analysis of GAM-Based PV Power Forecasting Models Using Multidimensional Tensor Product Splines against Machine Learning Techniques |
title_full |
Comprehensive and Comparative Analysis of GAM-Based PV Power Forecasting Models Using Multidimensional Tensor Product Splines against Machine Learning Techniques |
title_fullStr |
Comprehensive and Comparative Analysis of GAM-Based PV Power Forecasting Models Using Multidimensional Tensor Product Splines against Machine Learning Techniques |
title_full_unstemmed |
Comprehensive and Comparative Analysis of GAM-Based PV Power Forecasting Models Using Multidimensional Tensor Product Splines against Machine Learning Techniques |
title_sort |
comprehensive and comparative analysis of gam-based pv power forecasting models using multidimensional tensor product splines against machine learning techniques |
publisher |
MDPI AG |
publishDate |
2021 |
url |
https://doaj.org/article/8ba2d519aae34f3ab6e05f64fe8a2fce |
work_keys_str_mv |
AT takujimatsumoto comprehensiveandcomparativeanalysisofgambasedpvpowerforecastingmodelsusingmultidimensionaltensorproductsplinesagainstmachinelearningtechniques AT yujiyamada comprehensiveandcomparativeanalysisofgambasedpvpowerforecastingmodelsusingmultidimensionaltensorproductsplinesagainstmachinelearningtechniques |
_version_ |
1718432741766201344 |