State of the art in wind speed in England using BATS, TBATS, Holt’s Linear and ARIMA model

Wind energy is one of the most important renewable energy sources in the world. Hence, the prediction of wind speed is a highly significant subject with respect to both protecting the environment and economic development. England is among the countries with an increasing interest in the potential for wind energy systems. In this study, various time series models, including BATS, TBATS, Holt’s Linear Trend and ARIMA models were applied for wind speed prediction in England and their performance was compared. The available wind speed data between 1994-07-07 and 2015-12-31 were divided into two parts: training data that is used to build up the models and testing data that is used to measure the validity of a model forecast. The results of the testing data indicate that the BATS and ARIMA outperform the other time series models according to the root mean square errors.