List

I am pleased to devote a few words to the new working paper that we (Alberto Martín, Nikos Kourentzes and myself) have elaborated with the collaboration of the ISFOC that kindly provided the research data.

The paper reports the Dynamic Harmonic Regression applied to forecast the solar irradiance at short-term, but, why is this important? Generally speaking, solar power generation is a crucial research area for countries that suffers from high dependency on external energy sources and is gaining prominence with the current shift to renewable sources of energy (This is particularly true for Spain) . In order to integrate this generated energy into the grid, solar irradiation must be forecasted, where deviations of the forecasted value involve significant costs. It should be noted that the need for these forecasts are also required for other renewable resources as the wind.

predicción DNI

 

Ejemplo de predicción con el método DHR (línea discontinua) frente a los datos reales de irradiación solar directa o DNI (línea continua)

 

 

In this working-paper we propose a univarivate Dynamic Harmonic Regression model set up in a State Space framework for short-term (1 to 24 hours) solar irradiation forecasting (take a look at the other blog post that we use the same technique to forecast electricity load and prices).  Time series hourly aggregated as the Global Horizontal Irradiation and the Direct Normal Irradiation will be used to illustrate the proposed approach.

This method provides a fast automatic identification and estimation procedure based on the frequency domain. The recursive algorithms applied offer adaptive predictions and, since the method is based on unobserved components models, explicit information about trend, seasonal and irregular behaviour of the series can be extracted. The good forecasting performance and the rapid adaptability of the model to fast transient conditions of solar radiation are illustrated with minutely solar irradiance measurements collected from ground-based weather stations located in Spain.

prediccionGHI

 

Ejemplo de predicción con el método DHR (línea discontinua) frente a los datos reales de irradiación solar global o GHI (línea continua)

 

 

If you are interested in this work, please click here to download it. (it is freely available in researchgate)

For further information please contact me by e-mail.

 

Leave a Reply

Your email address will not be published.

  Posts

October 4th, 2019

Presentation at ISF 2019 (Greece)

One of the most important conferences, possibly the most important, about forecasting is The International Symposium on Forecasting. This year […]

January 26th, 2017

Workshop: Forecasting and inventory control.

It is a pleasure to inform that two members of the INTERCOL Project (Eugenia and Ester) are organising a very interesting event […]

October 21st, 2016

A data-driven approach to compute safety stocks.

Supply chain risk management is drawing the attention of practitioners and academics. A source of risk is demand uncertainty. To […]

October 21st, 2016

Real-time bullwhip metric

Bullwhip effect is a problem of paramount importance that reduces competitiveness of supply chains around the world. A significant effort […]

June 22nd, 2016

Optimal combination of volatility forecasts to enhance solar irradiation prediction intervals estimation

Please find my presentation at the ISF 2016 celebrated in Santander . As usual, it was a pleasant experience from […]

March 2nd, 2015

How to compute the safety stock, Shall I use the demand distribution or the forecast demand error distribution??

Currently, I am teaching a subject about operations management and I have to introduce to my students the importance of safety stocks […]

February 3rd, 2015

Call for papers: Special session in Energy Forecasting EURO 2015

Energy modelling and forecasting has become essential to optimize the generation, control and distribution processes of countries’ energy systems. This […]

January 4th, 2015

Short-term Solar Irradiation forecasting based on Dynamic Harmonic Regression

I am pleased to devote a few words to the new working paper that we (Alberto Martín, Nikos Kourentzes and […]

January 3rd, 2015

A novel time-varying bullwhip effect metric. An application to promotional sales

Bullwhip effect is a problem of paramount importance that reduces competitiveness of supply chains around the world. A significant effort […]