The last week in October 2020 the International Institute of Forecasters held it’s 40th International Symposium on Forecasting. Henrik Madsen, Project Manager at CITIES and Professor at DTU Compute gave a keynote speech: Forecasting for the Green Transition. His talk is now available on YouTube – click on the play icon below or use the …
The project on continuous time stochastic modelling (CTSM) is very useful for grey-box modelling of physical systems using data. The grey-box modelling approach bridges the gap between physical and statistical modelling. The solution is widely used for estimating and identifying models for physical systems, like the heat dynamics of a building, the hydraulics in a …
Everyone talks about AI and machine learning, but a demo project with a water tower shows that a model with stochastic differential equations can describe energy flexibility surprisingly well with just a few intuitive parameters. If the CO2 emission is to be reduced, the proportion of renewable energy sources must be significantly increased. If at …