Why is forecasting needed in power system planning? Enlist the current status.

(b) What do you mean by quantitative forecasting Explain the time series and explanatory forecasting methods.

2.(a) What are the factors affecting the accuracy of forecasting methods?

(b) Explain the different short term forecasting techniques in brief.

3. Explain in detail the process of generation planning optimized according to different categories of generating units.

4. The following table shows the amount spent by different customers in a supermarket. Using least square estimates, calculate SSE (Sum of Squared Errors) and MSE (Mean Squared Errors) for an average spend of 7 and 10.

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

5.(a) How does a pattern of data affect individual forecasting methods?

(b) Explain the time horizon effects on forecasting methods.

6.(a) Describe the fundamental economic analysis for generation planning.

(b) Explain the methods of transmission and distribution system planning.

7. Write short notes on the following: Peak load forecasting Spatial load forecasting
Regression methods
Difference between long-term and short-term forecasting