Enhancing Wind Speed and Wind Power Forecasting Using Shape-Wise Feature Engineering: A Novel Approach for Improved Accuracy and Robustness

• URL: http://arxiv.org/abs/2401.08233v1
• Date: Tue, 16 Jan 2024 09:34:17 GMT
• Title: Enhancing Wind Speed and Wind Power Forecasting Using Shape-Wise Feature Engineering: A Novel Approach for Improved Accuracy and Robustness
• Authors: Mulomba Mukendi Christian, Yun Seon Kim, Hyebong Choi, Jaeyoung Lee, SongHee You
• Abstract summary: This study explores a novel feature engineering approach for predicting wind speed and power. The results reveal substantial enhancements in model resilience against noise resulting from step increases in data. The approach could achieve an impressive 83% accuracy in predicting unseen data up to the 24th steps.
• Score: 6.0447555473286885
• License: http://arxiv.org/licenses/nonexclusive-distrib/1.0/
• Abstract: Accurate prediction of wind speed and power is vital for enhancing the efficiency of wind energy systems. Numerous solutions have been implemented to date, demonstrating their potential to improve forecasting. Among these, deep learning is perceived as a revolutionary approach in the field. However, despite their effectiveness, the noise present in the collected data remains a significant challenge. This noise has the potential to diminish the performance of these algorithms, leading to inaccurate predictions. In response to this, this study explores a novel feature engineering approach. This approach involves altering the data input shape in both Convolutional Neural Network-Long Short-Term Memory (CNN-LSTM) and Autoregressive models for various forecasting horizons. The results reveal substantial enhancements in model resilience against noise resulting from step increases in data. The approach could achieve an impressive 83% accuracy in predicting unseen data up to the 24th steps. Furthermore, this method consistently provides high accuracy for short, mid, and long-term forecasts, outperforming the performance of individual models. These findings pave the way for further research on noise reduction strategies at different forecasting horizons through shape-wise feature engineering.

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