Comparing the effectiveness of LSTM, ARIMA, and GRU algorithms for forecasting customer charging behavior in the electric mobility industry in Europe
| dc.contributor.author | Pelwan, Robyne Chimere | |
| dc.date.accessioned | 2024-05-16T08:45:48Z | |
| dc.date.available | 2024-05-16T08:45:48Z | |
| dc.date.issued | 2023 | |
| dc.description | Masters Dissertation in the School of Computer Science and Applied Mathematics at University of the Witwatersrand, Johannesburg, 2023 | |
| dc.description.abstract | Forecasting, a powerful technique for unveiling potential future events, relies on historical data and methodological approaches to provide valuable insights. This dissertation delves into the domain of electric mobility, investigating the effectiveness of three distinct algorithms—Long Short-term Memory (LSTM), Autoregressive Integrated Moving Average (ARIMA), and Gated Recurrent Unit (GRU)—for predicting customer charging behavior. Specifically, it focuses on forecasting the number of charges over a 7-day period using time-series data from European electric mobility customers. In this study, we scrutinize the interplay between algorithmic performance and the intricacies of the dataset. Root mean squared error (RMSE) serves as a metric for gauging predictive accuracy. The findings highlight the supremacy of the ARIMA model in single-variable analysis, surpassing the predictive capabilities of both LSTM and GRU models. Even when additional features are introduced to enhance LSTM and GRU predictions, the superiority of ARIMA remains pronounced. Notably, this research underscores that ARIMA is particularly well-suited for time series data of this nature due to its tailored design. It contributes valuable insights for both researchers and practitioners in the electric mobility industry, aiding in the strategic selection of forecasting methodologies. | |
| dc.description.librarian | PM2024 | |
| dc.faculty | Faculty of Science | |
| dc.identifier.uri | https://hdl.handle.net/10539/38473 | |
| dc.language.iso | en | |
| dc.publisher | University of the Witwatersrand, Johannesburg | |
| dc.rights | © 2023 University of the Witwatersrand, Johannesburg | |
| dc.rights.holder | University of the Witwatersrand, Johannesburg | |
| dc.school | School of Computer Science and Applied Mathematics | |
| dc.subject | Algorithms | |
| dc.subject | Long Short-term Memory (LSTM) | |
| dc.subject | Autoregressive integrated moving average (ARIMA) | |
| dc.subject | Gated recurrent unit (GRU) | |
| dc.subject | Electric mobility | |
| dc.subject.other | SDG-17: Partnerships for the goals | |
| dc.title | Comparing the effectiveness of LSTM, ARIMA, and GRU algorithms for forecasting customer charging behavior in the electric mobility industry in Europe | |
| dc.type | Dissertation |