Another look at forecast accuracy of neural networks

Abstract

This paper compares the ability of six artificial neural networks to predict hourly system load for the Puget Sound Power and Light Company, a major North American electric utility. The neural nets, along with four other types of models, were used to forecast hourly system load for the next day on an hour by hour basis. This was done for the period November 1, 1991 to March 31, 1992.<>