A holistic review on energy forecasting using big data and deep learning models

With the growth of forecasting models, energy forecasting is used for better planning, operation, and management in the electric grid. It is important to improve the accuracy of forecasting for a faster decision-making process. Big data can handle large scale of datasets and extract the patterns fed to the deep learning models that improve the accuracy than the traditional models and hence, recently started its application in energy forecasting. In this study, an in-depth insight is initially derived by investigating artificial intelligence (AI) and machine learning (ML) techniques with their strengths and weaknesses, enhancing the consistency of renewable energy integration and modernizing the overall grid. However, Deep learning (DL) algorithms have the capability to handle big data by capturing the…