Probability Forecasting

Probability Forecasting PDF Author: Lawrence Ambrose Hughes
Publisher:
ISBN:
Category : Precipitation forecasting
Languages : en
Pages : 96

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Book Description

Probability Forecasting

Probability Forecasting PDF Author: Lawrence Ambrose Hughes
Publisher:
ISBN:
Category : Precipitation forecasting
Languages : en
Pages : 96

Get Book Here

Book Description


Seasonal Climate: Forecasting and Managing Risk

Seasonal Climate: Forecasting and Managing Risk PDF Author: Alberto Troccoli
Publisher: Springer Science & Business Media
ISBN: 1402069928
Category : Science
Languages : en
Pages : 462

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Book Description
Originally formed around a set of lectures presented at a NATO Advanced Study Institute (ASI), this book has grown to become organised and presented rather more as a textbook than as a standard "collection of proceedings". This therefore is the first unified reference ‘textbook’ in seasonal to interannual climate predictions and their practical uses. Written by some of the world’s leading experts, the book covers a rapidly-developing science of prime social concern.

Probabilistic Forecasting and Bayesian Data Assimilation

Probabilistic Forecasting and Bayesian Data Assimilation PDF Author: Sebastian Reich
Publisher: Cambridge University Press
ISBN: 1316299422
Category : Computers
Languages : en
Pages : 308

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Book Description
In this book the authors describe the principles and methods behind probabilistic forecasting and Bayesian data assimilation. Instead of focusing on particular application areas, the authors adopt a general dynamical systems approach, with a profusion of low-dimensional, discrete-time numerical examples designed to build intuition about the subject. Part I explains the mathematical framework of ensemble-based probabilistic forecasting and uncertainty quantification. Part II is devoted to Bayesian filtering algorithms, from classical data assimilation algorithms such as the Kalman filter, variational techniques, and sequential Monte Carlo methods, through to more recent developments such as the ensemble Kalman filter and ensemble transform filters. The McKean approach to sequential filtering in combination with coupling of measures serves as a unifying mathematical framework throughout Part II. Assuming only some basic familiarity with probability, this book is an ideal introduction for graduate students in applied mathematics, computer science, engineering, geoscience and other emerging application areas.

Probability, Statistics, And Decision Making In The Atmospheric Sciences

Probability, Statistics, And Decision Making In The Atmospheric Sciences PDF Author: Allan Murphy
Publisher: CRC Press
ISBN: 1000236323
Category : Mathematics
Languages : en
Pages : 560

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Book Description
Methodology drawn from the fields of probability. statistics and decision making plays an increasingly important role in the atmosphericsciences. both in basic and applied research and in experimental and operational studies. Applications of such methodology can be found in almost every facet of the discipline. from the most theoretical and global (e.g., atmospheric predictability. global climate modeling) to the most practical and local (e.g., crop-weather modeling forecast evaluation). Almost every issue of the multitude of journals published by the atmospheric sciences community now contain some or more papers involving applications of concepts and/or methodology from the fields of probability and statistics. Despite the increasingly pervasive nature of such applications. very few book length treatments of probabilistic and statistical topics of particular interest to atmospheric scientists have appeared (especially inEnglish) since the publication of the pioneering works of Brooks andCarruthers (Handbook of Statistical Methods in Meteorology) in 1953 and Panofsky and Brier-(some Applications of)statistics to Meteor) in 1958. As a result. many relatively recent developments in probability and statistics are not well known to atmospheric scientists and recent work in active areas of meteorological research involving significant applications of probabilistic and statistical methods are not familiar to the meteorological community as a whole.

Statistical Methods for Forecasting

Statistical Methods for Forecasting PDF Author: Bovas Abraham
Publisher: John Wiley & Sons
ISBN: 0470317299
Category : Mathematics
Languages : en
Pages : 474

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Book Description
The Wiley-Interscience Paperback Series consists of selected books that have been made more accessible to consumers in an effort to increase global appeal and general circulation. With these new unabridged softcover volumes, Wiley hopes to extend the lives of these works by making them available to future generations of statisticians, mathematicians, and scientists. "This book, it must be said, lives up to the words on its advertising cover: 'Bridging the gap between introductory, descriptive approaches and highly advanced theoretical treatises, it provides a practical, intermediate level discussion of a variety of forecasting tools, and explains how they relate to one another, both in theory and practice.' It does just that!" -Journal of the Royal Statistical Society "A well-written work that deals with statistical methods and models that can be used to produce short-term forecasts, this book has wide-ranging applications. It could be used in the context of a study of regression, forecasting, and time series analysis by PhD students; or to support a concentration in quantitative methods for MBA students; or as a work in applied statistics for advanced undergraduates." -Choice Statistical Methods for Forecasting is a comprehensive, readable treatment of statistical methods and models used to produce short-term forecasts. The interconnections between the forecasting models and methods are thoroughly explained, and the gap between theory and practice is successfully bridged. Special topics are discussed, such as transfer function modeling; Kalman filtering; state space models; Bayesian forecasting; and methods for forecast evaluation, comparison, and control. The book provides time series, autocorrelation, and partial autocorrelation plots, as well as examples and exercises using real data. Statistical Methods for Forecasting serves as an outstanding textbook for advanced undergraduate and graduate courses in statistics, business, engineering, and the social sciences, as well as a working reference for professionals in business, industry, and government.

Probabilistic Forecasts and Optimal Decisions

Probabilistic Forecasts and Optimal Decisions PDF Author: Roman Krzysztofowicz
Publisher: John Wiley & Sons
ISBN: 1394221878
Category : Technology & Engineering
Languages : en
Pages : 581

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Book Description
Account for uncertainties and optimize decision-making with this thorough exposition Decision theory is a body of thought and research seeking to apply a mathematical-logical framework to assessing probability and optimizing decision-making. It has developed robust tools for addressing all major challenges to decision making. Yet the number of variables and uncertainties affecting each decision outcome, many of them beyond the decider’s control, mean that decision-making is far from a ‘solved problem’. The tools created by decision theory remain to be refined and applied to decisions in which uncertainties are prominent. Probabilistic Forecasts and Optimal Decisions introduces a theoretically-grounded methodology for optimizing decision-making under conditions of uncertainty. Beginning with an overview of the basic elements of probability theory and methods for modeling continuous variates, it proceeds to survey the mathematics of both continuous and discrete models, supporting each with key examples. The result is a crucial window into the complex but enormously rewarding world of decision theory. Readers of Probablistic Forecasts and Optimal Decisions will also find: Extended case studies supported with real-world data Mini-projects running through multiple chapters to illustrate different stages of the decision-making process End of chapter exercises designed to facilitate student learning Probabilistic Forecasts and Optimal Decisions is ideal for advanced undergraduate and graduate students in the sciences and engineering, as well as predictive analytics and decision analytics professionals.

Wind Power Ensemble Forecasting

Wind Power Ensemble Forecasting PDF Author: André Gensler
Publisher: kassel university press GmbH
ISBN: 3737606366
Category : Weights and measures
Languages : en
Pages : 216

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Book Description
This thesis describes performance measures and ensemble architectures for deterministic and probabilistic forecasts using the application example of wind power forecasting and proposes a novel scheme for the situation-dependent aggregation of forecasting models. For performance measures, error scores for deterministic as well as probabilistic forecasts are compared, and their characteristics are shown in detail. For the evaluation of deterministic forecasts, a categorization by basic error measure and normalization technique is introduced that simplifies the process of choosing an appropriate error measure for certain forecasting tasks. Furthermore, a scheme for the common evaluation of different forms of probabilistic forecasts is proposed. Based on the analysis of the error scores, a novel hierarchical aggregation technique for both deterministic and probabilistic forecasting models is proposed that dynamically weights individual forecasts using multiple weighting factors such as weather situation and lead time dependent weighting. In the experimental evaluation it is shown that the forecasting quality of the proposed technique is able to outperform other state of the art forecasting models and ensembles.

Probability and Finance

Probability and Finance PDF Author: Glenn Shafer
Publisher: John Wiley & Sons
ISBN: 0471461717
Category : Business & Economics
Languages : en
Pages : 438

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Book Description
Provides a foundation for probability based on game theory rather than measure theory. A strong philosophical approach with practical applications. Presents in-depth coverage of classical probability theory as well as new theory.

Utility, Probability, and Human Decision Making

Utility, Probability, and Human Decision Making PDF Author: D. Wendt
Publisher: Springer Science & Business Media
ISBN: 9401018340
Category : Social Science
Languages : en
Pages : 408

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Book Description
Human decision making involves problems which are being studied with increasing interest and sophistication. They range from controversial political decisions via individual consumer decisions to such simple tasks as signal discriminations. Although it would seem that decisions have to do with choices among available actions of any kind, there is general agreement that decision making research should pertain to choice prob lems which cannot be solved without a predecisional stage of finding choice alternatives, weighing evidence, and judging values. The ultimate objective of scientific research on decision making is two-fold: (a) to develop a theoretically sound technology for the optimal solution of decision problems, and (b) to formulate a descriptive theory of human decision making. The latter may, in tum, protect decision makers from being caught in the traps of their own limitations and biases. Recently, in decision making research the strong emphasis on well defined laboratory tasks is decreasing in favour of more realistic studies in various practical settings. This may well have been caused by a growing awareness of the fact that decision-behaviour is strongly determined by situational factors, which makes it necessary to look into processes of interaction between the decision maker and the relevant task environ ment. Almost inevitably there is a parallel shift of interest towards problems of utility measurement and the evaluation of consequences.

Solar Irradiance and Photovoltaic Power Forecasting

Solar Irradiance and Photovoltaic Power Forecasting PDF Author: Dazhi Yang
Publisher: CRC Press
ISBN: 1003830854
Category : Technology & Engineering
Languages : en
Pages : 682

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Book Description
Forecasting plays an indispensable role in grid integration of solar energy, which is an important pathway toward the grand goal of achieving planetary carbon neutrality. This rather specialized field of solar forecasting constitutes both irradiance and photovoltaic power forecasting. Its dependence on atmospheric sciences and implications for power system operations and planning make the multi-disciplinary nature of solar forecasting immediately obvious. Advances in solar forecasting represent a quiet revolution, as the landscape of solar forecasting research and practice has dramatically advanced as compared to just a decade ago. Solar Irradiance and Photovoltaic Power Forecasting provides the reader with a holistic view of all major aspects of solar forecasting: the philosophy, statistical preliminaries, data and software, base forecasting methods, post-processing techniques, forecast verification tools, irradiance-to-power conversion sequences, and the hierarchical and firm forecasting framework. The book’s scope and subject matter are designed to help anyone entering the field or wishing to stay current in understanding solar forecasting theory and applications. The text provides concrete and honest advice, methodological details and algorithms, and broader perspectives for solar forecasting. Both authors are internationally recognized experts in the field, with notable accomplishments in both academia and industry. Each author has many years of experience serving as editors of top journals in solar energy meteorology. The authors, as forecasters, are concerned not merely with delivering the technical specifics through this book, but more so with the hopes of steering future solar forecasting research in a direction that can truly expand the boundary of forecasting science.