Discuss the importance of load forecasting in power system planning.

What are the conditions to be applied on quantitative forecasting?

Explain the problems faced by electricity industry for planning and forecasting.

What is long-term load forecasting Explain multivariate procedures in brief

Describe the factors affecting accuracy of forecasting methods.

Discuss the role of forecasting in planning. What are the criteria for the selection of forecasting method?

4. The following table shows the amount spent by different customers in a shop. Using least square estimates, calculate SSE (sum of squared errors) and MSE (mean squared errors) for an average spend of 7 and 12

Customer Amount Spent

1 9
2 8
3 9
4 12
5 9
6 12
7 11
8 7
9 13
10 9
11 11
12 10

Explain the time horizon effects on forecasting methods.

Why is generation planning not suitable before load forecasting?

Explain fundamental economic analysis for generation planning optimized according to different categories of generating unit.

Discuss the significance of planning and forecasting of distribution and transmission systems.

7. Write short notes on the following:

Time series forecasting

Spatial load forecasting

Need of forecasting and planning

Difference between long-term and short-term forecasting