Application and Comparative Study of Time Series Analysis Algorithms in New Energy Forecasting
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Abstract
The intermittent and volatile characteristics of new energy generation, together with the increasing demand for stable power supply in intelligent industrial systems, make accurate forecasting a critical issue for grid dispatch and electromagnetic energy management. This study systematically reviews the technological evolution of time series analysis methods for wind and photovoltaic (PV) power forecasting and establishes a comparative framework covering classical statistical models, intelligent learning algorithms, and hybrid modeling strategies. Based on two years of operational data collected from an actual wind farm and PV station in East China, the forecasting performance of ARIMA, exponential smoothing, Support Vector Regression (SVR), Long Short-Term Memory (LSTM) networks, and Transformer architectures is comprehensively evaluated, while hybrid approaches based on Empirical Mode Decomposition (EMD) are further investigated. The results demonstrate that model selection should jointly consider forecasting horizon, data characteristics, and computational constraints. Classical statistical methods remain robust under stable operating conditions but are less effective in capturing extreme fluctuations, whereas deep learning approaches exhibit superior capability in modeling long-range temporal dependencies despite reduced interpretability. Decomposition-based hybrid strategies achieve a more balanced performance across diverse scenarios and show enhanced robustness under extreme weather conditions. The study further proposes a structured model selection guideline by matching data characteristics with operational requirements, providing theoretical support for forecasting system design in renewable-energy-driven power networks and offering useful references for electromagnetic energy utilization and intelligent industrial applications.
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