The Current State of Energy Data Management and Forecasting
The different actors and companies in the European electricity market use specific systems to manage their data, called energy data management systems (EDMS). Beside the pure collection and storage of energy-related data, EDMSs typically include a forecasting component that is responsible for calculating predictions of energy time series. In such systems forecasts are calculated using a distinct process as defined by Box and Jenkins .
KeywordsForecast Model Forecast Error Forecast Accuracy Exponential Smoothing Energy Domain
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