Combined Interval Prediction Algorithm Based on Optimal Relevancy, Redundancy and Synergy

Traditional point prediction approaches can not reflect the uncertainty, which brings greater risks to decision-makers. To fill this gap, this paper extends a feature selection strategy that relies solely on correlation and redundant feature judgment, proposes a novel combined interval prediction algorithm, 3-Mcip (Combined Interval Prediction Based on Maximize Relevancy, Minimize Redundancy and Maximize Synergy) system, and solves the tradeoff between prediction accuracy and interval width. This system first designs a hybrid feature selection strategy to optimally select candidate variables and reduce model input redundancy. Secondly, the structure of the four ANN models is improved to accommodate the results of feature selection, and an optimization mechanism is introduced to search for the Pareto optimal solution set. In order to measure the comprehensive performance of the 3-Mcip system, hourly power load data and related candidate variables from Pittsburgh and Washington, D.C are considered. The numerical results show that the 3-Mcip system has coverage rates of 53.3333, 90.1667, and 99.4479 for Site 1 at different levels of interval width coefficients, which not only achieves perfect prediction of power load but also analyzes uncertainty. It is also helpful for power system managers to better capture the fluctuation range of future load and improve the flexibility of smart grid dispatching.