A time series-based approach for renewable energy modeling
Despite the growing literature on renewable energy sources, causal relationships between the variables that are selected as inputs of the models proposed in forecasting studies have not been investigated so far. In this paper, a novel approach to decide prediction input variables of wind and/or temperature forecasting models is suggested. This approach uses time series techniques; more specifically, Granger causality and impulse-response analyses between some meteorological variables. To conduct our study, wind speed, temperature and pressure data obtained from different regions of Turkey are employed. The results suggest that bidirectional causal relationships exist between these variables and that short-run dynamics differ with respect to location (inland versus coastal area). From this, it is concluded that renewable energy models must be built accordingly to improve prediction accuracy.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 28 (2013)
Issue (Month): C ()
|Contact details of provider:|| Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/description#description|
|Order Information:|| Postal: http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/bibliographic|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Mellit, A. & Benghanem, M. & Kalogirou, S.A., 2006. "An adaptive wavelet-network model for forecasting daily total solar-radiation," Applied Energy, Elsevier, vol. 83(7), pages 705-722, July.
- Mellit, A. & Kalogirou, S.A. & Hontoria, L. & Shaari, S., 2009. "Artificial intelligence techniques for sizing photovoltaic systems: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(2), pages 406-419, February.
- Karanfil, Fatih, 2008. "Energy consumption and economic growth revisited: Does the size of unrecorded economy matter?," Energy Policy, Elsevier, vol. 36(8), pages 3019-3025, August.
- Karanfil, Fatih, 2009. "How many times again will we examine the energy-income nexus using a limited range of traditional econometric tools?," Energy Policy, Elsevier, vol. 37(4), pages 1191-1194, April.
- Kavasseri, Rajesh G. & Seetharaman, Krithika, 2009. "Day-ahead wind speed forecasting using f-ARIMA models," Renewable Energy, Elsevier, vol. 34(5), pages 1388-1393.
- Kalogirou, Soteris A., 2001. "Artificial neural networks in renewable energy systems applications: a review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 5(4), pages 373-401, December.
- M. Hashem Pesaran & Yongcheol Shin & Richard J. Smith, 2001. "Bounds testing approaches to the analysis of level relationships," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 16(3), pages 289-326.
- Suganthi, L. & Samuel, Anand A., 2012. "Energy models for demand forecasting—A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(2), pages 1223-1240.
- Cadenas, Erasmo & Rivera, Wilfrido, 2010. "Wind speed forecasting in three different regions of Mexico, using a hybrid ARIMA–ANN model," Renewable Energy, Elsevier, vol. 35(12), pages 2732-2738.
- Granger, C. W. J., 1988. "Some recent development in a concept of causality," Journal of Econometrics, Elsevier, vol. 39(1-2), pages 199-211.
- Koop, Gary & Pesaran, M. Hashem & Potter, Simon M., 1996. "Impulse response analysis in nonlinear multivariate models," Journal of Econometrics, Elsevier, vol. 74(1), pages 119-147, September.
- Engle, Robert & Granger, Clive, 2015.
"Co-integration and error correction: Representation, estimation, and testing,"
Publishing House "SINERGIA PRESS", vol. 39(3), pages 106-135.
- Engle, Robert F & Granger, Clive W J, 1987. "Co-integration and Error Correction: Representation, Estimation, and Testing," Econometrica, Econometric Society, vol. 55(2), pages 251-276, March.
- Mohandes, M.A. & Halawani, T.O. & Rehman, S. & Hussain, Ahmed A., 2004. "Support vector machines for wind speed prediction," Renewable Energy, Elsevier, vol. 29(6), pages 939-947.
- Pesaran, H. Hashem & Shin, Yongcheol, 1998.
"Generalized impulse response analysis in linear multivariate models,"
Elsevier, vol. 58(1), pages 17-29, January.
- Pesaran, M. H. & Shin, Y., 1997. "Generalised Impulse Response Analysis in Linear Multivariate Models," Cambridge Working Papers in Economics 9710, Faculty of Economics, University of Cambridge.
- Lutkepohl, Helmut, 1982. "Non-causality due to omitted variables," Journal of Econometrics, Elsevier, vol. 19(2-3), pages 367-378, August.
- Soares, Jacyra & Oliveira, Amauri P. & Boznar, Marija Zlata & Mlakar, Primoz & Escobedo, João F. & Machado, Antonio J., 2004. "Modeling hourly diffuse solar-radiation in the city of São Paulo using a neural-network technique," Applied Energy, Elsevier, vol. 79(2), pages 201-214, October.
- Granger, C W J, 1969. "Investigating Causal Relations by Econometric Models and Cross-Spectral Methods," Econometrica, Econometric Society, vol. 37(3), pages 424-438, July.
- Haque, Ashraf U. & Mandal, Paras & Kaye, Mary E. & Meng, Julian & Chang, Liuchen & Senjyu, Tomonobu, 2012. "A new strategy for predicting short-term wind speed using soft computing models," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(7), pages 4563-4573.
- Fadare, D.A., 2009. "Modelling of solar energy potential in Nigeria using an artificial neural network model," Applied Energy, Elsevier, vol. 86(9), pages 1410-1422, September.
When requesting a correction, please mention this item's handle: RePEc:eee:rensus:v:28:y:2013:i:c:p:204-214. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dana Niculescu)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.