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Hybrid Forecast bot

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What is it – build a smart predictor

The generation of electricity from renewable energy sources is by nature intermittent and highly dependent on weather conditions. Continuous improvement of models to forecast renewable production is at the heart of the concerns to ensure balance between consumption and production, anticipate energy costs on wholesale markets, and optimize unit commitment and market sales. Sia Partners’ Datascience team developed a bot that builds a smart prediction model in the context of wind power forecasting.

 

How – Exploit the strengths of different algorithmic approaches

State-of-the-art forecast algorithms are numerous and can be applied to the wind power production. Each of them have their own strengths and weaknesses (general behavior, extrema or rapid changes prediction …). With the expert advice approach, Sia Partners’ Datascience team mixed all the individual models to create an optimized meta-model. The resulting algorithm is at least as efficient as the best individual model.

 

If you wish to learn more about our bot, use the link below to access a demo :

 

Hybrid Forecast bot is part of Heka, the ecosystem of AI solutions developed by Sia Partners.

To learn more about Heka and its ecosystem

Click here