Abstract

Growing concern about climate change has intensified efforts to use renewable energy, with wind energy highlighted as a growing source. It is known that wind turbines are characterized by distinct operating modes that reflect production efficiency. In this work, we focus on the forecasting problem for univariate discrete-valued time series of operating modes. We define three prediction strategies to overcome the difficulties associated with missing data. These strategies are evaluated through experiments using five forecasting methods across two real-life datasets. Two of the forecasting methods have been introduced in the statistical literature as extensions of the well-known context algorithm: variable length Markov chains and Bayesian context tree. Additionally, we consider a Bayesian method based on conditional tensor factorization and two different smoothers from the classical tools for time series forecasting. After evaluating each pair prediction strategy/forecasting method in terms of prediction accuracy versus computational complexity, we provide guidance on the methods that are suitable for forecasting the time series of operating modes. The prediction results that we report demonstrate that high accuracy can be achieved with reduced computational resources.

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