Application of a Novel Fractional Order Grey Support Vector Regression Model to Forecast Wind Energy Consumption in China

Abstract

In order to achieve accurate prediction of new energy related data, a fractional grey support vector regression model based on nested cross-validation is proposed. In order to verify the superiority of the new model, China’s wind energy consumption data from 2001 to 2014 were selected, and a fractional grey prediction model, a support vector regression model and a fractional support vector regression combination model were established, and wind energy consumption in China was predicted from 2015 to 2018. Numerical experimental results show that the newly proposed combined prediction model has higher prediction accuracy.