Forecasting
From Navigates Help
The Forecasting Area in Navigates™ provides tools necessary for generating estimated nominations from storage to delivery markets based on custom forecast models. It contains the following menu items:
- Markets - Allows users to view and maintain detailed information about available markets.
- Model Types - Allows users to view and update model types used for projections.
- Projections - Allows users to view and maintain parameters used in forecast regressions equations.
- Market Demand Summary - Allows users to view and maintain forecasting for each market and operating area.
TERMS
Projection - Set of parameters that are used in the regressions equations in forecasting.
Market - Arbitrary set of labels put on groups of meters.
Model Type - Combination of forecast type and method type used for projections.
