caa a22 4500 60616006X CHVBK 20210128100628.0 cr unu---uuuuu 210128e20151101xx s 000 0 eng 10.1007/s00521-015-1867-2 doi (NATIONALLICENCE)springer-10.1007/s00521-015-1867-2 Dynamic electricity price forecasting using local linear wavelet neural network [Elektronische Daten] [Prasanta Pany, S. Ghoshal] Price forecasting has become one of the main focuses of electric power market research efforts as price is the key index to evaluate the market competition efficiency and reflects the operation condition of electricity market decision making. The work presented in this paper makes use of local linear wavelet neural networks to find the market clearing price for a given period, which is based on similar days approach. The results obtained through simulation are compared to other evolutionary optimization techniques surfaced in the recent state-of-the-art literature, including wavelet neural network model. The results presented in this paper demonstrate the potential of the proposed approach and show its effectiveness for electricity price forecasting. The Natural Computing Applications Forum, 2015 Electricity price nationallicence Forecast nationallicence Wavelet neural network (WNN) nationallicence Local linear wavelet neural network nationallicence Gradient descent algorithm nationallicence Market clearing price nationallicence Weekly mean absolute percentage error (WMAPE) nationallicence Pany Prasanta DRIEMS, Cuttack, Odisha, India aut Ghoshal S. NIT, Durgapur, West Bengal, India aut Neural Computing and Applications Springer London 26/8(2015-11-01), 2039-2047 0941-0643 26:8<2039 2015 26 521 https://doi.org/10.1007/s00521-015-1867-2 text/html Onlinezugriff via DOI BK010053 XK010053 XK010000 Metadata rights reserved Springer special CC-BY-NC licence nationallicence 1 research-article jats NATIONALLICENCE NATIONALLICENCE NL-springer NATIONALLICENCE 856 40 https://doi.org/10.1007/s00521-015-1867-2 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Pany Prasanta DRIEMS, Cuttack, Odisha, India aut NATIONALLICENCE 700 1- Ghoshal S. NIT, Durgapur, West Bengal, India aut NATIONALLICENCE 773 0- Neural Computing and Applications Springer London 26/8(2015-11-01), 2039-2047 0941-0643 26:8<2039 2015 26 521