Pinball-Huber boosted extreme learning machine regression: a multiobjective approach to accurate power load forecasting

Abstract Power load data frequently display outliers and an uneven distribution of noise. To tackle this issue, we present a forecasting model based on an improved extreme learning machine (ELM). Specifically, we introduce the novel Pinball-Huber robust loss function as the objective function in training. The loss function enhances the precision by assigning distinct penalties to errors based on their directions. We employ a genetic algorithm, combined with a swift nondominated sorting technique, for multiobjective optimization in the ELM-Pinball-Huber context. This method simultaneously reduces training errors while streamlining model structure. We practically apply the integrated model to forecast power load data in Taixing City, which is situated in the southern part of Jiangsu Province. The empirical findings confirm the method’s effectiveness.