Research Article

A Comparative Study of Machine Learning and Deep Learning for Time Series Forecasting: A Case Study of Choosing the Best Prediction Model for Turkey Electricity Production

Volume: 23 Number: 2 August 25, 2019
TR EN

A Comparative Study of Machine Learning and Deep Learning for Time Series Forecasting: A Case Study of Choosing the Best Prediction Model for Turkey Electricity Production

Abstract

Over the last decades, Turkey pays special attention to electricity productionbto afford its needs. Researchers applied different methodologies including statisticalbased and artificial intelligence-based to correctly predict the future amount of electricity production, consumption, and demand. However,limited researchers focused on Turkey’s electricity production prediction problem as a time series analysis. For this reason, we tackle this problem by considering it as a time series analysis in this study. We have used different methods including traditional machine learning algorithms Support Vector Regression (SVR) and Multilayer Perceptrons (MLP) and a deep learning algorithm Long Short-Term Memory (LSTM) to create a better model for Turkey monthly electricity production dataset. Based on our findings LSTM outperforms SVR and MLP approaches in terms of commonly used statistical error evaluation metrics.

Keywords

References

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Details

Primary Language

English

Subjects

Engineering

Journal Section

Research Article

Publication Date

August 25, 2019

Submission Date

December 10, 2018

Acceptance Date

July 30, 2019

Published in Issue

Year 2019 Volume: 23 Number: 2

APA
Ünlü, R. (2019). A Comparative Study of Machine Learning and Deep Learning for Time Series Forecasting: A Case Study of Choosing the Best Prediction Model for Turkey Electricity Production. Süleyman Demirel Üniversitesi Fen Bilimleri Enstitüsü Dergisi, 23(2), 635-646. https://doi.org/10.19113/sdufenbed.494396
AMA
1.Ünlü R. A Comparative Study of Machine Learning and Deep Learning for Time Series Forecasting: A Case Study of Choosing the Best Prediction Model for Turkey Electricity Production. J. Nat. Appl. Sci. 2019;23(2):635-646. doi:10.19113/sdufenbed.494396
Chicago
Ünlü, Ramazan. 2019. “A Comparative Study of Machine Learning and Deep Learning for Time Series Forecasting: A Case Study of Choosing the Best Prediction Model for Turkey Electricity Production”. Süleyman Demirel Üniversitesi Fen Bilimleri Enstitüsü Dergisi 23 (2): 635-46. https://doi.org/10.19113/sdufenbed.494396.
EndNote
Ünlü R (August 1, 2019) A Comparative Study of Machine Learning and Deep Learning for Time Series Forecasting: A Case Study of Choosing the Best Prediction Model for Turkey Electricity Production. Süleyman Demirel Üniversitesi Fen Bilimleri Enstitüsü Dergisi 23 2 635–646.
IEEE
[1]R. Ünlü, “A Comparative Study of Machine Learning and Deep Learning for Time Series Forecasting: A Case Study of Choosing the Best Prediction Model for Turkey Electricity Production”, J. Nat. Appl. Sci., vol. 23, no. 2, pp. 635–646, Aug. 2019, doi: 10.19113/sdufenbed.494396.
ISNAD
Ünlü, Ramazan. “A Comparative Study of Machine Learning and Deep Learning for Time Series Forecasting: A Case Study of Choosing the Best Prediction Model for Turkey Electricity Production”. Süleyman Demirel Üniversitesi Fen Bilimleri Enstitüsü Dergisi 23/2 (August 1, 2019): 635-646. https://doi.org/10.19113/sdufenbed.494396.
JAMA
1.Ünlü R. A Comparative Study of Machine Learning and Deep Learning for Time Series Forecasting: A Case Study of Choosing the Best Prediction Model for Turkey Electricity Production. J. Nat. Appl. Sci. 2019;23:635–646.
MLA
Ünlü, Ramazan. “A Comparative Study of Machine Learning and Deep Learning for Time Series Forecasting: A Case Study of Choosing the Best Prediction Model for Turkey Electricity Production”. Süleyman Demirel Üniversitesi Fen Bilimleri Enstitüsü Dergisi, vol. 23, no. 2, Aug. 2019, pp. 635-46, doi:10.19113/sdufenbed.494396.
Vancouver
1.Ramazan Ünlü. A Comparative Study of Machine Learning and Deep Learning for Time Series Forecasting: A Case Study of Choosing the Best Prediction Model for Turkey Electricity Production. J. Nat. Appl. Sci. 2019 Aug. 1;23(2):635-46. doi:10.19113/sdufenbed.494396

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