• Title/Summary/Keyword: SARMA

Search Result 60, Processing Time 0.018 seconds

A novel SARMA-ANN hybrid model for global solar radiation forecasting

  • Srivastava, Rachit;Tiwaria, A.N.;Giri, V.K.
    • Advances in Energy Research
    • /
    • v.6 no.2
    • /
    • pp.131-143
    • /
    • 2019
  • Global Solar Radiation (GSR) is the key element for performance estimation of any Solar Power Plant (SPP). Its forecasting may help in estimation of power production from a SPP well in advance, and may also render help in optimal use of this power. Seasonal Auto-Regressive Moving Average (SARMA) and Artificial Neural Network (ANN) models are combined in order to develop a hybrid model (SARMA-ANN) conceiving the characteristics of both linear and non-linear prediction models. This developed model has been used for prediction of GSR at Gorakhpur, situated in the northern region of India. The proposed model is beneficial for the univariate forecasting. Along with this model, we have also used Auto-Regressive Moving Average (ARMA), SARMA, ANN based models for 1 - 6 day-ahead forecasting of GSR on hourly basis. It has been found that the proposed model presents least RMSE (Root Mean Square Error) and produces best forecasting results among all the models considered in the present study. As an application, the comparison between the forecasted one and the energy produced by the grid connected PV plant installed on the parking stands of the University shows the superiority of the proposed model.

Short-term Forecasting of Power Demand based on AREA (AREA 활용 전력수요 단기 예측)

  • Kwon, S.H.;Oh, H.S.
    • Journal of Korean Society of Industrial and Systems Engineering
    • /
    • v.39 no.1
    • /
    • pp.25-30
    • /
    • 2016
  • It is critical to forecast the maximum daily and monthly demand for power with as little error as possible for our industry and national economy. In general, long-term forecasting of power demand has been studied from both the consumer's perspective and an econometrics model in the form of a generalized linear model with predictors. Time series techniques are used for short-term forecasting with no predictors as predictors must be predicted prior to forecasting response variables and containing estimation errors during this process is inevitable. In previous researches, seasonal exponential smoothing method, SARMA (Seasonal Auto Regressive Moving Average) with consideration to weekly pattern Neuron-Fuzzy model, SVR (Support Vector Regression) model with predictors explored through machine learning, and K-means clustering technique in the various approaches have been applied to short-term power supply forecasting. In this paper, SARMA and intervention model are fitted to forecast the maximum power load daily, weekly, and monthly by using the empirical data from 2011 through 2013. $ARMA(2,\;1,\;2)(1,\;1,\;1)_7$ and $ARMA(0,\;1,\;1)(1,\;1,\;0)_{12}$ are fitted respectively to the daily and monthly power demand, but the weekly power demand is not fitted by AREA because of unit root series. In our fitted intervention model, the factors of long holidays, summer and winter are significant in the form of indicator function. The SARMA with MAPE (Mean Absolute Percentage Error) of 2.45% and intervention model with MAPE of 2.44% are more efficient than the present seasonal exponential smoothing with MAPE of about 4%. Although the dynamic repression model with the predictors of humidity, temperature, and seasonal dummies was applied to foretaste the daily power demand, it lead to a high MAPE of 3.5% even though it has estimation error of predictors.

Issues and Misconceptions of Financial Inclusion Indices: Evidences from Selected Asian Economies

  • ALI, Jamshed;KHAN, Muhammad Arshad;KHAN, Usman Shaukat;WADOOD, Misbah
    • The Journal of Asian Finance, Economics and Business
    • /
    • v.8 no.12
    • /
    • pp.363-370
    • /
    • 2021
  • This study aims to revisit the issues and misconceptions about financial inclusion (FI) indices. For indices construction, this study uses two approaches: one approach following the methodology of Sarma (2008) which is based on UNDP methodology, while the other is the Dynamic Factor Model (DFM)-based index of Stock and Watson (2002) and Rehman et al. (2021). The data of 18 economies of Asia from 1997 till 2017 is used for indices construction and analysis. The authors constructed macro and micro-level financial inclusion indices based on the different types of financial inclusion indicators. Second, the authors have critically evaluated two different approaches, and the results show that Sarma (2008)-based index show financial inclusion's level, while DFM-based index reveal fluctuation in the current year's financial inclusion level due to the prior variations. For measuring the level of financial inclusion, the Sarma (2008) index is effective, while for forecasting the level of financial inclusion, the DFM approach is more appropriate. Furthermore, the micro and macro aspects of financial inclusion should be reflected in separate indices for better understanding and in-depth insights.

Some properties of the convergence of sequences of fuzzy points in a fuzzy normed linear space

  • Rhie, Gil-Seob;Do, Young-Uk
    • Journal of the Korean Institute of Intelligent Systems
    • /
    • v.17 no.1
    • /
    • pp.143-147
    • /
    • 2007
  • With a new ordinary norm as an analogy of Krishna and Sarma[5] and Bag and Samanta[1], we will characterize the notions of the convergence of the sequences of fuzzy points, the fuzzy, ${\alpha}$-Cauchy sequence and fuzzy completeness.

On I-Convergent Double Sequences of Fuzzy Real Numbers

  • Tripathy, Binod Chandra;Sarma, Bipul
    • Kyungpook Mathematical Journal
    • /
    • v.52 no.2
    • /
    • pp.189-200
    • /
    • 2012
  • In this article we introduce the class of I-convergent double sequences of fuzzy real numbers. We have studied different properties like solidness, symmetricity, monotone, sequence algebra etc. We prove that the class of I-convergent double sequences of fuzzy real numbers is a complete metric spaces.