Forecasting of wind velocity: An improved SVM algorithm combined with simulated annealing

Accurate forecasting of wind velocity can improve the economic dispatch and safe operation of the power system. Support vector machine (SVM) has been proved to be an efficient approach for forecasting. According to the analysis with support vector machine method, the drawback of determining the parameters only by experts’ experience should be improved. After a detailed description of the methodology of SVM and simulated annealing, an improved algorithm was proposed for the automatic optimization of parameters using SVM method. An example has proved that the proposed method can efficiently select the parameters of the SVM method. And by optimizing the parameters, the forecasting accuracy of the max wind velocity increases by 34.45%, which indicates that the new SASVM model improves the forecasting accuracy.