Bias reduction of maximum likelihood estimation in exponentiated Teissier distribution

The exponentiated Teissier distribution (ETD) offers an alternative for modeling survival data, taking into account flexibility in modeling data with increasing and decreasing hazard rate functions. The most popular method for parameter estimation of the ETD distribution is the maximum likelihood estimation (MLE). The MLE, on the other hand, is notoriously biased for its small sample sizes. We are therefore driven to generate virtually unbiased estimators for ETD parameters. More specifically, we focus on two methods of bias correction, bootstrapping and analytical approaches, to reduce MLE biases to the second order of bias. The performances of these approaches are compared through Monte Carlo simulations and two real-data applications

Wind generation forecasting methods and proliferation of artificial neural network:A review of five years research trend

To sustain a clean environment by reducing fossil fuels-based energies and increasing the integration of renewable-based energy sources, i.e., wind and solar power, have become the national policy for many countries. The increasing demand for renewable energy sources, such as wind, has created interest in the economic and technical issues related to the integration into the power grids. Having an intermittent nature and wind generation forecasting is a crucial aspect of ensuring the optimum grid control and design in power plants. Accurate forecasting provides essential information to empower grid operators and system designers in generating an optimal wind power plant, and to balance the power supply and demand. In this paper, we present an extensive review of wind forecasting methods and the artificial neural network (ANN) prolific in this regard. The instrument used to measure wind assimilation is analyzed and discussed, accurately, in studies that were published from May 1st, 2014 to May 1st, 2018. The results of the review demonstrate the increased application of ANN into wind power generation forecasting. Considering the component limitation of other systems, the trend of deploying the ANN and its hybrid systems are more attractive than other individual methods. The review further revealed that high forecasting accuracy could be achieved through proper handling and calibration of the wind-forecasting instrument and method