Table 6 Analysis of the proposed prediction model with different forecast horizons
S. No | Different Forecast Horizons | Performance Metrics | Parametric Values |
|---|---|---|---|
1 | Very Short Term Prediction (Few seconds to minutes ahead) | MSE | 4.0054e-07 |
MAPE | 0.0102 | ||
RMSE | 6.3288e-04 | ||
MAE | 5.4564e-04 | ||
MRE | 1.0160e-04 | ||
2 | Short Term Prediction (30 min to 6 h ahead) | MSE | 4.6131e-11 |
MAPE | 5.5382e-05 | ||
RMSE | 6.7920e-06 | ||
MAE | 4.4137e-06 | ||
MRE | 5.5382e-07 | ||
3 | Medium Term Prediction (6 h to ahead) | MSE | 1.5857e-11 |
MAPE | 6.6481e-05 | ||
RMSE | 3.9820e-06 | ||
MAE | 2.8847e-06 | ||
MRE | 6.6481e-07 | ||
4 | Long Term Prediction (1 day to 1 week or more ahead) | MSE | 1.6166e-12 |
MAPE | 1.0165e-05 | ||
RMSE | 1.2715e-06 | ||
MAE | 8.2352e-07 | ||
MRE | 1.0165e-07 |