2021
DOI: 10.1007/978-3-030-87101-7_22
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Short-Term Renewable Energy Forecasting in Greece Using Prophet Decomposition and Tree-Based Ensembles

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Cited by 9 publications
(5 citation statements)
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“…Prophet involves open-source time-series forecasting and outperforms other modelling methods, such as autoregressive integrated moving average (ARIMA), when dealing with multiple seasonal effects. 16 It is based on a univariate generalised additive model (GAM) and involves a curve-fitting task with time as the regressor. The model contains a trend, seasonality and an external variation component.…”
Section: Discussionmentioning
confidence: 99%
“…Prophet involves open-source time-series forecasting and outperforms other modelling methods, such as autoregressive integrated moving average (ARIMA), when dealing with multiple seasonal effects. 16 It is based on a univariate generalised additive model (GAM) and involves a curve-fitting task with time as the regressor. The model contains a trend, seasonality and an external variation component.…”
Section: Discussionmentioning
confidence: 99%
“…Although it assumes a time-series forecasting methodology, which is relatively new, Prophet is often mainly used in the environmental field in order to make reliable predictions [50,51].…”
Section: Working Mechanismmentioning
confidence: 99%
“…The Prophet modelling approach is an additive forecasting approach based on the Bayesian curve fitting procedure. This technique can incorporate any types of non-linear trend and multiple seasonality such as hourly, daily, weekly, monthly and yearly with holiday effects [59]. The model has four main components such as trend, seasonality, holiday and error term, as seen in equation [59]:…”
Section: Prophet Modelling Approachmentioning
confidence: 99%