Electric Load Forecasting Using Regularized Extreme Learning Machines
This paper presents a method based on extreme learning machine (ELM) for electric load forecasting. Recently,
extreme learning machine (ELM) has been widely used in machine learning applications due to its ability for extremely fast
learning. The usage of big data sets in the training gives raise to computation problems. ELM overcomes the computation
problems with its higher learning speed than classical artificial neural networks (ANN). In this paper, performances of ELM
and regularized ELM (RELM) are investigated for electric load forecasting. The obtained results from RELM are compared
with the classical ELM method and ANN. It has been shown that RELM has fast training advantage on ANN and higher
output accuracy rate than ELM.
Keywords— Electric Load Forecasting, Extreme Learning Machine, Artificial Neural Network.