TY - JOUR T1 - A Comparison of the Performance of Classification Methods and Artificial Neural Networks for Electricity Load Forecasting AU - Tuna, Gurkan AU - Vatansever, Ahmet AU - Das, Resul PY - 2018 DA - August JF - The Eurasia Proceedings of Science Technology Engineering and Mathematics JO - EPSTEM PB - ISRES Publishing WT - DergiPark SN - 2602-3199 SP - 233 EP - 238 IS - 2 LA - en AB - Electricity load forecasting plays a key role forutility companies. Short-term and medium-term electricity load forecastingprocesses allow the utility companies to retain reliable operation and highenergy efficiency. On the other hand, long-term electricity load forecastingallows the utility companies to minimize the risks. Long-term forecasting alsohelps the utility companies to plan and make feasible decisions in regard togeneration and transmission investments. Since there are commercial and technicalimplications of electricity load forecasting, the accuracy of the electricityforecasting is important not only to the utility companies but also to theconsumers. In this paper, we carry out a performance evaluation study toevaluate the accuracy of different classification approaches for electricityload forecasting. As shown with the results of the performance evaluationstudy, some of the investigated approaches can successfully achieve highaccuracy rates and therefore can be used for short-, mid-, or long-termelectricity load forecasting.  KW - Load-Forecasting plan KW - Artificial neural networks KW - Regression analysis KW - Support vector machine KW - Prediction techniques CR - Almeshaiei, E., & Soltan, H. (2011). A methodology for Electric Power Load Forecasting. Alexandria Engineering Journal, 50(2), 137-144. Guerard, J. B., & Schwartz, E. (2010). Quantitative corporate finance. New York: Springer. Hastie, T. J., Tibshirani, R. J., & Friedman, J. H. (2009). The elements of statistical learning: data mining, inference, and prediction. Springer New York Inc., USA. Hernandez, L., Baladron, C., Aguiar, J. M., Carro, B., Sanchez-Esguevillas, A. J., Lloret, J., & Massana, J. (2014). A survey on electric power demand forecasting: Future trends in smart grids, microgrids and smart buildings. IEEE Communications Surveys & Tutorials, 16(3), 1460-1495. Popescu, M. –C., Balas, V. E., Perescu-Popescu, L., & Mastorakis, N. (2009). Multilayer perceptron and neural networks. WSEAS Trans. Cir. and Sys., 8(7), 579-588. Reynaldi, A., Lukas, S., & Margaretha, H. (2012). Backpropagation and Levenberg-Marquardt Algorithm for Training Finite Element Neural Network. Proceedings of the 2012 Sixth UKSim/AMSS European Symposium on Computer Modeling and Simulation (EMS '12) (pp. 89-94). Steinwart, I. (2014). Support vector machines. Springer. Suganthi, L., & Samuel, A. A. (2012). Energy models for demand forecasting—A review. Renewable and Sustainable Energy Reviews, 16(2), 1223-1240. Weron, R. (2006). Modeling and forecasting electricity loads and prices. Chichester: Wiley & Sons. Yan, X., & Su, X. G. (2009). Linear regression analysis theory and computing. Singapore: World Scientific. https://www.cs.waikato.ac.nz/ml/weka/ https://www.mathworks.com/products/matlab.html UR - https://dergipark.org.tr/en/pub/epstem/issue//455941 L1 - https://dergipark.org.tr/en/download/article-file/528320 ER -