4.7 Article

Short-term solar irradiance forecasting using exponential smoothing state space model

Journal

ENERGY
Volume 55, Issue -, Pages 1104-1113

Publisher

PERGAMON-ELSEVIER SCIENCE LTD
DOI: 10.1016/j.energy.2013.04.027

Keywords

Time series forecasting; Stationarity; Exponential smoothing state space model; Forecast horizon

Funding

  1. project Optimization of photovoltaic electricity generation in tropical power grids through irradiance forecasting and system monitoring
  2. National Research Foundation of Singapore [NRF2010EWT-CERP001-030]

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We forecast high-resolution solar irradiance time series using an exponential smoothing state space (ESSS) model. To stationarize the irradiance data before applying linear time series models, we propose a novel Fourier trend model and compare the performance with other popular trend models using residual analysis and the Kwiatkowski-Phillips-Schmidt-Shin (KPSS) stationarity test. Using the optimized Fourier trend, an ESSS model is implemented to forecast the stationary residual series of datasets from Singapore and Colorado, USA. To compare the performance with other time series models, autoregressive integrated moving average (ARIMA), linear exponential smoothing (LES), simple exponential smoothing (SES) and random walk (RW) models are tested using the same data. The simulation results show that the ESSS model has generally better performance than other time series forecasting models. To assess the reliability of the forecasting model in real-time applications, a complementary study of the forecasting 95% confidence interval and forecasting horizon of the ESSS model has been conducted. (C) 2013 Elsevier Ltd. All rights reserved.

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