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A Deep Learning Approach Towards Price Forecasting Using Enhanced Convolutional Neural Network in Smart Grid

  • Fahad Ahmed
  • Maheen Zahid
  • Nadeem JavaidEmail author
  • Abdul Basit Majeed Khan
  • Zahoor Ali Khan
  • Zain Murtaza
Conference paper
Part of the Lecture Notes on Data Engineering and Communications Technologies book series (LNDECT, volume 29)

Abstract

In this paper, we attempt to predict short term price forecasting in Smart Grid (SG) deep learning and data mining techniques. We proposed a model for price forecasting, which consists of three steps: feature engineering, tuning classifier and classification. A hybrid feature selector is propose by fusing XG-Boost (XGB) and Decision Tree (DT). To perform feature selection, threshold is defined to control selection. In addition, Recursive Feature Elimination (RFE) is used for to remove redundancy of data. In order, to tune the parameters of classifier dynamically according to dataset we adopt Grid Search (GS). Enhanced Convolutional Neural Network (ECNN) and Support Vector Regression (SVR) are used for classification. Lastly, to investigate the capability of proposed model, we compare proposed model with different benchmark scheme. The following performance metrics: MSE, RMSE, MAE, and MAPE are used to evaluate the performance of models.

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Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  • Fahad Ahmed
    • 1
  • Maheen Zahid
    • 1
  • Nadeem Javaid
    • 1
    Email author
  • Abdul Basit Majeed Khan
    • 2
  • Zahoor Ali Khan
    • 3
  • Zain Murtaza
    • 1
  1. 1.COMSATS UniversityIslamabadPakistan
  2. 2.Abasyn University Islamabad CampusIslamabadPakistan
  3. 3.Computer Information ScienceHigher Colleges of TechnologyFujairahUAE

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