Forecasting models - Import export

Forecasts in the energy sector With the transformation of the energy system and the expansion of renewable energy, it is becoming increasingly important to be able to estimate reliably the constraints of portfolio management. Customers’ needs regarding heat or gas and the expected volume of power generated from proprietary wind or PV installations must be forecasted. In addition, the price expectations in the various markets must be calculated in advance using suitable methods so as to make the right decisions in the right market channel. Brief description of BoFiT Forecast BoFiT Forecast allows you to create forecast models for any application and to implement them in your processes. Forecasts are fully integrated in time series management and in the runtime environment. In addition to simple profile procedures (standard load profiles, temperature-dependent load profiles, user-defined profiles) load profile extrapolation, regression procedures, artificial neural networks and...