Short-Term Wind Speed Forecasting Based on Hybrid MODWT-ARIMA-Markov Model
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Date
2021-06-08
Open Access Location
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Journal ISSN
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Publisher
IEEE
Rights
CC BY 4.0
Abstract
Markov chains (MC) are statistical models used to predict very short to short-term wind speed accurately. Such models are generally trained with a single moving window. However, wind speed time series do not possess an equal length of behavior for all horizons. Therefore, a single moving window can provide reasonable estimates but is not an optimal choice. In this study, a forecasting model is proposed that integrates MCs with an adjusting dynamic moving window. The model selects the optimal size of the window based on a similar approach to the leave-one-out method. The traditional model is further optimized by introducing a self-adaptive state categorization algorithm. Instead of synthetically generating time series, the modified model directly predicts one-step ahead wind speed. Initial results indicate that adjusting the moving window MC prediction model improved the forecasting performance of a single moving window approach by 50%. Based on preliminary findings, a novel hybrid model is proposed integrating maximal overlap discrete wavelet transform (MODWT) with auto-regressive integrated moving average (ARIMA) and adjusting moving window MC. It is evident from the literature that MC models are suitable for predicting residual sequences. However, MCs were not considered as a primary forecasting model for the decomposition-based hybrid approach in any wind forecasting studies. The improvement of the novel model is, on average, 55% for single deep learning models and 30% for decomposition-based hybrid models.
Description
Keywords
Predictive models, Wind speed, Forecasting, Wind forecasting, Computational modeling, Markov processes, Time series analysis, Wind speed, forecasting, markov chain, moving window, statistical, wavelets
Citation
Yousuf MU, Al-Bahadly I, Avci E. (2021). Short-Term Wind Speed Forecasting Based on Hybrid MODWT-ARIMA-Markov Model. IEEE Access. 9. (pp. 79695-79711).