Muhammad Hamza Azam1, Mohd Hilmi Hasan1,*, Azlinda A Malik2, Saima Hassan3, Said Jadid Abdulkadir1
CMC-Computers, Materials & Continua, Vol.73, No.1, pp. 1799-1815, 2022, DOI:10.32604/cmc.2022.028292
Abstract Electricity price forecasting is a subset of energy and power forecasting that focuses on projecting commercial electricity market present and future prices. Electricity price forecasting have been a critical input to energy corporations’ strategic decision-making systems over the last 15 years. Many strategies have been utilized for price forecasting in the past, however Artificial Intelligence Techniques (Fuzzy Logic and ANN) have proven to be more efficient than traditional techniques (Regression and Time Series). Fuzzy logic is an approach that uses membership functions (MF) and fuzzy inference model to forecast future electricity prices. Fuzzy c-means (FCM) is one of the popular… More >
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