Wind Power Density Monte Carlo Simulation Quiz

What type of forecasts are required for risk management in wind energy?

How is wind power variability affected by the spatial locations of wind farms?

What is the purpose of stepwise variable selection?

In stepwise variable selection, how are variables added or removed from the model?

Which type of changes in wind power are typically analyzed when considering power system operations?

What was found to be the best in point forecasting based on the text?

What is considered problematic for both electricity system operators and wind farm operators?

What problem does stepwise variable selection help to address?

Which statement best describes the starting point of stepwise variable selection?

In the context of wind energy density forecasting, what is the purpose of ensemble predictions?

What is the primary consideration when selecting variables using a stepwise approach?

Why is it important to eliminate some variables in stepwise variable selection?

What factor caused a high maximum error of 5500 MW in intraday wind power prediction for Germany?

Which evaluation method assesses the probabilistic correctness of forecasts?

What aspect of the forecast quality assesses the ability to concentrate distribution?

In the calibrated wind speed ensemble predictions, what does 'µtENS +k|t' represent?

What could have been avoided with extreme event correction according to the text?

What is the main assessment measure for evaluating the overall quality of forecasts?

What method was used to convert 51 calibrated wind speed ensemble members into 51 wind power scenarios?

What type of forecast benchmark is compared to evaluate wind power predictions?

Which parameter in the square root of wind speed ensemble forecast is denoted by 'bk'?

What was evaluated using ARFI-GARCH from 1995 to 2003 and calibrated ensembles from 1997 to 2003?

What does 'ENSS' represent in the context of the text?

Which approach used historical forecasts/verifications, kernel smoothing, and calibration jointly estimated?

What are the main types of variability that need to be described when modeling daily wind speed data?

Which wind farm has the highest annual homes equivalent based on its MW capacity?

Which wind turbine model was installed at Bears Down in Cornwall?

When fitting AR-GARCH models to the square root of wind speed, which parameter represents the mean?

For wind speed density construction, which types of distribution are typically used?

What data transformation was applied before fitting AR-GARCH models to the wind speed data?