Combining Embeddings and Fuzzy Time Series for High-Dimensional Time Series Forecasting in Internet of Energy Applications
share
The prediction of residential power usage is essential in assisting a smart grid to manage and preserve energy to ensure efficient use. An accurate energy forecasting at the customer level will reflect directly into efficiency improvements across the power grid system, however forecasting building energy use is a complex task due to many influencing factors, such as meteorological and occupancy patterns. In addiction, high-dimensional time series increasingly arise in the Internet of Energy (IoE), given the emergence of multi-sensor environments and the two way communication between energy consumers and the smart grid. Therefore, methods that are capable of computing high-dimensional time series are of great value in smart building and IoE applications. Fuzzy Time Series (FTS) models stand out as data-driven non-parametric models of easy implementation and high accuracy. Unfortunately, the existing FTS models can be unfeasible if all features were used to train the model. We present a new methodology for handling high-dimensional time series, by projecting the original high-dimensional data into a low dimensional embedding space and using multivariate FTS approach in this low dimensional representation. Combining these techniques enables a better representation of the complex content of multivariate time series and more accurate forecasts.
READ FULL TEXT