Multi-step electric load forecasting based on improved dual decomposition and error correction strategy

Key Points

• Electric load forecasting accuracy improves significantly with the improved dual decomposition strategy, enhancing reliability.
• Forecasting results show a marked improvement, with mean absolute percentage error reducing to under 5% in tests.
• This analysis employs a multi-step forecasting approach using optimized algorithms and error correction techniques.
• The findings support the need for advanced forecasting methods in smart grid management for stability and efficiency.