Forecasting of global horizontal irradiance by exponential smoothing, using decompositions

Time series methods are frequently used in solar irradiance forecasting when two dimensional cloud information provided by satellite or sky camera is unavailable. ETS (exponential smoothing) has received extensive attention in the recent years since the invention of its state space formulation. In this work, we combine these models with knowledge based heuristic time series decomposition methods to improve the forecasting accuracy and computational efficiency.