Electric Load Forecasting Using Hybrid Machine Learning Approach Incorporating Feature Selection

Forecasting of future electricity demand is very important for the electric power industry. As influenced by various factors, it has been shown in several publications that machine learning methods are useful for electric load forecasting (ELF). On the one hand, we introduce in this paper the approach of support vector regression (SVR) for ELF. In particular, we use particle swarm optimization (PSO) algorithm to optimize SVR parameters. On the other hand, it is important to determine the irrelevant factors as a preprocessing step for ELF. Our contribution consists of investigating the importance of applying the feature selection approach for removing the irrelevant factors of electric load. The experimental results elucidate the feasibility of applying feature selection without decreasing the performance of the SVR-PSO model for ELF.