This paper presents a comparison of various forecasting approaches, using time series analysis, on mean hourly wind …

This paper examines a new time series method for very short-term wind speed forecasting. The time series forecasting …

Accurate forecasting of wind speed and wind power is important for the safety of renewable energy utilization. Compared … wavelet and classical time series analysis, a new short-term forecasting method is proposed. Simulation upon actual time data … shows that: (1) the mean relative error in multi-step forecasting based on the proposed method is small, which is better …

forecasting in Portugal. The increased integration of wind power into the electric grid, as nowadays occurs in Portugal, poses new … challenges due to its intermittency and volatility. Hence, good forecasting tools play a key role in tackling these challenges …

This paper presents a novel method for the forecasting of mean hourly wind speed data using time series analysis. The … initial point for this approach is mainly the fact that none of the forecasting approaches for hourly data, that can be found … finally proposed methodology is based on the multi-step forecasting of 10 minutes averaged data and the subsequent averaging …

–$500 per kW h (approximately 40–50% of 2011 market prices). The financial value of forecasting in energy storage dispatch …