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to Forecasting Overview
Accurate forecasts provide the foundation for daily operations, market planning
and risk management. MetrixND allows rapid development of accurate forecasts, placing
you in the best position to make important decisions and communicate results.
Designed to take advantage of advanced Windows capabilities, the intuitive user
interface and drag-and-drop architecture streamlines the development of forecasting
variables and models. Evaluation graphs, statistics, and reports are readily available
to assist in analyzing forecasts. This interactive design strategy allows the forecast
analyst to quickly evaluate alternative models and select the model that works the
best for their particular data.
MetrixND is deployed as the engine in Itron's forecasting systems or used as a stand-alone
tool for all your forecasting applications, including:
- Monthly sales and revenue
- Long-term energy demand
- Short-term hourly and sub-hourly loads
- Retail load schedules
- Dynamic load profiles
- Gas send-out
- Market price
- Point of delivery
- Individual customers
MetrixND was designed for forecasters by forecasters. Put the power of the most
advanced modelling techniques at your fingertips and develop accurate forecasts
with confidence:
- Exponential Smoothing. Ideal for projecting customer growth trends
in monthly sales and peak forecasting applications.
- ARIMA. For seasoned time series professionals who want to visualise
how historical data patterns extend into the future.
- Multivariate Regression. The workhorse of the energy forecasting
professional. No other tool lets you build models faster.
- Neural Networks. Essential for short-term forecasting where modelling
the nonlinear response between loads and weather matters the most.
You choose the method that works best for your data. Or, use a combination of methods
to provide optimal forecast accuracy. View our selection of
white papers for discussions on the various forecasting methods.
Accurate forecasts can provide a quick payback on your investment, so why wait?
Call us at +31 20 60 65 225 or send an email to order your copy today. Need an automated
forecasting system? Let the experts create a system to meets your needs using MetrixND
as the forecasting engine.
Tested and Proven Methods
Itron has developed, tested, and refined the algorithms in MetrixND for over 10
years, providing a proven track record in real-world settings.
Improved Forecast Accuracy
With MetrixND, you can tailor models to fit your needs and data, allowing you to
develop the most accurate forecasting model possible.
Easy to Use
Designed to take advantage of advanced Windows capabilities, the intuitive user
interface and drag-and-drop architecture streamlines the development of forecasting
models.
Data Frequencies
MetrixND works with all data frequencies: sub-hourly, hourly, daily, weekly, monthly,
quarterly, and annual.
Graphical Analysis
Develop accurate forecasts with confidence. MetrixND provides the most meaningful
diagnostics and graphs at the click of a button, allowing you to see and understand
your forecast.
Variable Creation
Create analysis variables on the fly using spreadsheet-like formulas that allow
you to try different things without having to learn a programming language.
Hourly Modelling
MetrixND allows rapid development of hourly or sub-hourly models. The models you
build can be calibrated automatically to forecasts of daily energy and peak demand.
Model Comparisons
MetrixND provides a simple way to compare alternative model specifications by letting
you select among competing models quickly and efficiently.
Simulations
Monthly variance analyses are a snap with MetrixND. Drag-and-drop alternative forecast
drivers into your model and view the impact on your forecast.
Time Series Residuals
Improving your forecast by including a time series model of the residuals is just
a one-step process.
Quantifying Forecast Uncertainty
With the GARCH option in the regression and neural network models, it's easy to
construct dynamic confidence bounds for your forecast.
Integrates with Existing Databases
MetrixND works with Excel® spreadsheets and a variety of databases, including,
Access®, MV-90, MV-Star, ORACLE® and SQL Server®.
Visual Basic for Applications Module
Microsoft's VBA is integrated into MetrixND. With this optional module, you can
write macros to build any MetrixND element including data tables, transformation
tables, regression and neural network models.
Neural Network Options
MetrixND lets you build your own neural network models quickly and efficiently.
Using the advanced neural network options, you can specify:
- Specific transform functions for each node
- Custom variable lists for each node
- Inclusion of time-series residuals
- Test periods for model evaluation
- Exclusion of bad spots in the data
- ARMA error correction
- GARCH error variances
MetrixND uses fast optimisation algorithms, resulting in rapid training and learning.
As new data become available, continued model learning takes only a few seconds.
Default Model
MetrixND comes with powerful default models for next-day load forecasting. You can
use these models, add your own enhancements, or start from scratch and develop new
models.
Understand Your Forecast
Best of all, MetrixND allows you to see and understand your forecast. It is designed
to provide the most meaningful diagnostics and graphs at the click of a button.
This allows you to develop accurate forecasts with increased confidence.
MetrixND User Group
Over 125 utilities, ISOs, municipals, cooperatives and other energy service providers
use MetrixND. Licensed users have unique access to energy forecasting experts. Additional
benefits include a quarterly newsletter that keeps you abreast of the latest forecasting
techniques, and an annual meeting that brings you together with industry peers.
Past issues of the MetrixND Newsletters
are available on-line.
Call us at +31 20 60 65 225 or send an email to
forecasting@itron.com for more information or to order your copy today.
