Forecasting

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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.

Appendices