How to plot probabilistic forecasts

Probabilistic forecasts give you insights into possible futures. In this post, I suggest that the best plot type to show them all at a glance is a ridgeline plot. Areas of doubt and uncertainty In data-driven operations, decisions are based on numeric expectations about what the future holds. Usually, these expectations come from point forecasts…

Details

Lean Impact by Ann Mei Chang

“Lean impact” by Ann Mei Chang takes lessons from the Lean Startup methodology and applies them to impact-making, which is a bit more complex than the traditional startup. She has some new approaches and many examples about social entrepreneurship and impact funding. The main question is this: How to optimise the impact on the world,…

Details

On demand-side flexibility

With every coal plant closed in favour of wind and solar energy, demand-side flexibility (DSF) becomes more important. But DSF, being able to store energy or shift consumption, has a curious feat. The longer devices hold energy or hold off consumption, the higher their cost. This fundamentally changes the economics of the power system. When…

Details