Improving Prediction Intervals Using Measured Solar Power with a Multi-Objective Approach

Abstract

Prediction Intervals are pairs of lower and upper bounds on point forecasts and are useful to take into account the uncertainty on predictions. This article studies the influence of using measured solar power, available at prediction time, on the quality of prediction intervals. While previous studies have suggested that using measured variables can improve point forecasts, not much research has been done on the usefulness of that additional information, so that prediction intervals with less uncertainty can be obtained. With this aim, a multi-objective particle swarm optimization method was used to train neural networks whose outputs are the interval bounds. The inputs to the network used measured solar power in addition to hourly meteorological forecasts. This study was carried out on data from three different locations and for five forecast horizons, from 1 to 5 h. The results were compared with two benchmark methods (quantile regression and quantile regression forests). The Wilcoxon test was used to assess statistical significance. The results show that using measured power reduces the uncertainty associated to the prediction intervals, but mainly for the short forecasting horizons.