Wind Speed Forecasting Using a Hybrid Neural-Evolutive Approach

The design of models for time series prediction has found a solid foundation on statistics. Recently, artificial neural networks have been a good choice as approximators to model and forecast time series. Designing a neural network that provides a good approximation is an optimization problem. Given the many parameters to choose from in the design of a neural network, the search space in this design task is enormous. When designing a neural network by hand, scientists can only try a few of them, selecting the best one of the set they tested. In this paper we present a hybrid approach that uses evolutionary computation to produce a complete design of a neural network for modeling and forecasting time series. The resulting models have proven to be better than the ARIMA and the hand-made artificial neural network models.