A hybrid wavelet-ELM based short term price forecasting for electricity markets
Extreme Learning Machines coupled with Wavelet technique to develop a hybrid model. Ensembling Technique applied for better and reliable predictive performance. Models are tested with data from Ontario, PJM, Italy and New York Market. MeDE index is found to be more suitable than other indices used contemporarily.
price forecasting ensemble artificial neural network (ann) deregulation extreme learning machine (elm) wavelet transforms