Title :
A novice´s guide to micro Monte Carlo [load forecasting]
Author_Institution :
Stanley Consultants Inc., Muscatine, IA, USA
Abstract :
The use of Monte Carlo methods to develop probability distributions of electric load forecasts is described. The methods can be used with either end-use or econometric forecasts and can be implemented on a microcomputer using LOTUS 1-2-3. The concept, forecasting model construction, probability distribution selection, random number generation, and evaluation of the forecast distribution are discussed
Keywords :
Monte Carlo methods; electrical engineering computing; load forecasting; probability; LOTUS 1-2-3; Monte Carlo methods; econometric forecasts; electric load forecasts; electrical engineering computing; forecasting model; microcomputer; probability distributions; Demand forecasting; Econometrics; Economic forecasting; Load forecasting; Microcomputers; Monte Carlo methods; Probability distribution; Testing; Uncertainty; Weather forecasting;
Conference_Titel :
Rural Electric Power Conference, 1988. Papers Presented at the 32nd Annual Conference
Conference_Location :
Lexington, KY
DOI :
10.1109/REPCON.1988.10999
