AleaWind is based on AleaSoft exclusive forecasting model, named AleaModel, outperforming current forecasting methods.
AleaModel results from the latest advances in Statistics and Neural Networks. It is a hybrid model that combines Neural Networks, SARIMA models and regression, taking advantage of the benefits of each individual method.
The resulting model of this hybridation is a Neural Network model with a SARIMA structure, that overcomes traditional Neuronal Networks limitations:
The SARIMA structure leads to a transparent model and guarantees the selection of an optimal model.
The model parameters are automatically updated, they do not need manual training.
The adaptive scheme adjusts the Neural Network parameters to the more recent performance on a on-going basis. This adaptive strategy allows the model reaction when changes in the tendency occur, avoiding the need of occasional training.