This study develops a novel model, GA-SVR, for parameters optimization in support vector regression and implements this new model in a problem forecasting maximum electrical daily load. The real-valued genetic algorithm (RGA) was adapted to search the optimal parameters of support vector regression (SVR) to increase the accuracy of SVR. The proposed model was tested on a complicated electricity load forecasting competition announced on the EUNITE network. The results illustrated that the new GA-SVR model outperformed previous models. Specifically, the new GA-SVR model can successfully identify the optimal values of parameters of SVR with the lowest prediction error values, MAPE and maximum error, in electricity load forecasting.
Index Terms:
Support vector regression (SVR); Real-valued genetic algorithm (RGA); Parameter optimization; Electrical load forecasting; Forecasting accuracy
Citation:
Chin-Chia Hsu, Chih-Hung Wu, Shih-Chien Chen, Kang-Lin Peng, "Dynamically Optimizing Parameters in Support Vector Regression: An Application of Electricity Load Forecasting," hicss, vol. 2, pp.30c, Proceedings of the 39th Annual Hawaii International Conference on System Sciences (HICSS'06) Track 2, 2006