Flexible electricity price forecasting by switching mother wavelets based on wavelet transform and Long Short-Term Memory Interuniversitair Micro-Electronica Centrum vzw KU Leuven
Under dynamic pricing, stable and accurate electricity price forecasting on the demand side is essential for efficient energy management. We have developed a new electricity price forecasting model that provides consistently accurate forecasts. The base prediction model decomposes the time series using wavelet transform and then predicts it by Long Short-Term Memory. Previous studies using this model have always decomposed time series in the ...