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Smooth Pinball Neural Network for Probabilistic Forecasting of Wind Power
[article]
2017
arXiv
pre-print
Uncertainty analysis in the form of probabilistic forecasting can significantly improve decision making processes in the smart power grid for better integrating renewable energy sources such as wind. Whereas point forecasting provides a single expected value, probabilistic forecasts provide more information in the form of quantiles, prediction intervals, or full predictive densities. This paper analyzes the effectiveness of a novel approach for nonparametric probabilistic forecasting of wind
arXiv:1710.01720v1
fatcat:lnvxestu6vc4zi6fwix36p7oom