Probabilistic short-term load forecasting with Gaussian processes

@article{Mori2005ProbabilisticSL,
  title={Probabilistic short-term load forecasting with Gaussian processes},
  author={Hiroyuki Mori and Masao Ohmi},
  journal={Proceedings of the 13th International Conference on, Intelligent Systems Application to Power Systems},
  year={2005},
  pages={6 pp.-}
}
This paper proposes a new probabilistic method for short-term load forecasting with the Gaussian processes (GP). In recent years, the degree of uncertainty increases as the power system becomes more deregulated and competitive. The power system players are concerned with maximizing the profit while minimizing the risk in the power market. As a result, it is… CONTINUE READING