Learning for Interval Prediction of Electricity Demand: A Cluster-based Bootstrapping Approach

Accurate predictions of electricity demands are necessary for managing operations in a small aggregation load setting like a Microgrid. Due to low aggregation, the electricity demands can be highly stochastic and point estimates would lead to inflated errors. Interval estimation in this scenario, would provide a range of values within which the future values might lie and helps quantify the errors around the point estimates. This paper introduces a residual bootstrap algorithm to generate interval estimates of day-ahead electricity demand. A machine learning algorithm is used to obtain the point estimates of electricity demand and respective residuals on the training set. The obtained residuals are stored in memory and the memory is further partitioned. Days with similar demand patterns are grouped in clusters using an unsupervised learning algorithm and these clusters are used to partition the memory. The point estimates for test day are used to find the closest cluster of similar days and the residuals are bootstrapped from the chosen cluster. This algorithm is evaluated on the real electricity demand data from EULR(End Use Load Research) and is compared to other bootstrapping methods for varying confidence intervals.

Ising Processing Units: Potential and Challenges for Discrete Optimization

The recent emergence of novel computational devices, such as adiabatic quantum computers, CMOS annealers, and optical parametric oscillators, presents new opportunities for hybrid-optimization algorithms that leverage these kinds of specialized hardware. In this work, we propose the idea of an Ising processing unit as a computational abstraction for these emerging tools. Challenges involved in using and benchmarking these devices are presented, and open-source software tools are proposed to address some of these challenges. The proposed benchmarking tools and methodology are demonstrated by conducting a baseline study of established solution methods to a D-Wave 2X adiabatic quantum computer, one example of a commercially available Ising processing unit.