ifference between revisions of "EMO:Scenarios"
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| + | === Definition === | ||
| + | A Scenario is a snap shot of a single Trading Period created from either a Market or a Forecast '''''Data Source'''''. | ||
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| + | Scenarios can be manipulated for 'what-if' analysis purposes. ''EMarketOffer'' effectively gives you control over any factor that influences dispatch, allowing you to make changes and instantly re-dispatch to see the outcome. | ||
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| + | Another useful feature of a Scenario is the ability to conduct sensitivity analysis, using a marginal analysis technique to investigate the sensitivity of the Market to small changes in a selected '''''Dispatch Factor.''''' | ||
Revision as of 15:51, 29 January 2013
Definition
A Scenario is a snap shot of a single Trading Period created from either a Market or a Forecast Data Source.
Scenarios can be manipulated for 'what-if' analysis purposes. EMarketOffer effectively gives you control over any factor that influences dispatch, allowing you to make changes and instantly re-dispatch to see the outcome.
Another useful feature of a Scenario is the ability to conduct sensitivity analysis, using a marginal analysis technique to investigate the sensitivity of the Market to small changes in a selected Dispatch Factor.