Short-term forecasting of natural gas consumption using factor selection algorithm and optimized support vector regression

TLDR: A hybrid artificial intelligence (AI) model is constructed to predict the short-term natural gas consumption and examine the effects of the factors in the consumption cycle and the prediction results demonstrated that the proposed model can give a better performance ofShort-termnatural gas consumption forecasting compared to the estimation value of existing models.

Abstract: Forecasting of natural gas consumption has been essential for natural gas companies, customers, and governments. However, accurate forecasting of natural gas consumption is difficult, due to the cyclical change of the consumption and the complexity of the factors that influence the consumption. In this work, we constructed a hybrid artificial intelligence (AI) model to predict the short-term natural gas consumption and examine the effects of the factors in the consumption cycle. The proposed model combines factor selection algorithm (FSA), life genetic algorithm (LGA), and support vector regression (SVR), namely, as FSA-LGA-SVR. FSA is used to select factors automatically for different period based on correlation analysis. The LGA optimized SVR is utilized to provide the prediction of time series data. To avoid being trapped in local minima, the hyper-parameters of SVR are determined by LGA, which is enhanced due to newly added “learning” and “death” operations in conventional genetic algorithm. Additionally, in order to examine the effects of the factors in different period, we utilized the recent data of three big cities in Greece and divided the data into 12 subseries. The prediction results demonstrated that the proposed model can give a better performance of short-term natural gas consumption forecasting compared to the estimation value of existing models. Particularly, the mean absolute range normalized errors of the proposed model in Athens, Thessaloniki, and Larisa are 1.90%, 2.26%, and 2.12%, respectively.