Sentence examples for by the forecast error from inspiring English sources

Clearly, without using the RHO strategy, there are more customer reward costs and less market profits for the TCL aggregator, which are incurred by the forecast error of the weather conditions and regulation prices.

The empirical covariance is assumed diagonal (no cross covariance between different degrees l and orders m) and is determined by the forecast error standard deviations and an exponentially decaying spatial correlation function.

Figure 10 plots step-by-step the forecast errors of the FAVAR models considering the approach presented in this work.

As shown in Fig. 3, the technique reduces the forecast error ε by nearly an order of magnitude.

Another potential application of ES is to be jointly operated with a WF by mitigating imbalance charges driven by the forecasting error and wind curtailment driven by the network limit.

Moreover, the variance decomposition analysis showed that over a 10-year forecast period, 11.4 % of the forecast error variance of industrial output is explained by population growth, while 7.5, 7.1, 6.7 and 4.7 % of its forecast error variance are explained by agricultural output, oil price, gross fixed capital formation in industry and manufacturing exports shocks, respectively.

The forecast error (or the forecast accuracy) can be measured by the difference between x f and the true state x t.

They cannot be directly controlled, and their forecast errors substantially exceed the forecast error of load.

While it is possible to extend the length of the Fourier vector the improvements will be ultimately limited by the impact of the forecast errors within the optimization process.

The dependence structure of the forecast errors is reflected by the Gaussian copula, which is estimated using the copula-based DCCMR model.

3) The dependence structure of the forecast errors is well represented by the Gaussian copula, and it is not necessary to make any assumption on the distributions of the errors.