How to do probabilistic forecast in Matlab?

What are the option for probabilistic forecast in Matlab for energy forecasting?

[Daniel Pollard]

https://www.mathworks.com/matlabcentral/answers/6200-tutorial-how-to-ask-a-question-on-answers-and-get-a-fast-answer

Answer 1

[Shivam Lahoti]

Hi israt,

In MATLAB, there are several options for performing probabilistic forecasting, particularly in the context of energy forecasting. Probabilistic forecasts are useful because they provide a range of possible outcomes with associated probabilities, rather than a single-point forecast.

Kindly refer to this video titled ‘Using Machine Learning and Deep Learning for Energy Forecasting with MATLAB’ to understand the complete workflow in MATLAB.

https://www.mathworks.com/videos/using-machine-learning-and-deep-learning-for-energy-forecasting-with-matlab-1598543886039.html

To learn more about the toolbox you can refer to the following documentation:

https://www.mathworks.com/help/stats/index.html

I hope it was helpful.

Regards,

Shivam.