- #1
Richard_R
- 14
- 0
Hello all,
I am currently building a model in Excel for predicting domestic water demand on a daily basis. The daily model will be compared to a more accurate model which runs on timesteps of 5 minutes (the latter is data intensive however which is why we are building a daily model as it requires less data).
Does anyone know what the correct correlation/statistical approach is to compare the daily model results with the 5 minute model? I have aggregated the results from the 5 minute model to a daily timestep so results can be directly compared, i.e.
http://sudsolutions.co.uk/misc/model_results.PNG
Excel has CORRELATION and PEARSON statistical functions so was wondering if I need to use one of these. The results aren't in the form of y=mx+c so I don't think I want an r^2 "goodness of fit" test (or do I?).
Thanks in advance for any help.
Regards
Rob
I am currently building a model in Excel for predicting domestic water demand on a daily basis. The daily model will be compared to a more accurate model which runs on timesteps of 5 minutes (the latter is data intensive however which is why we are building a daily model as it requires less data).
Does anyone know what the correct correlation/statistical approach is to compare the daily model results with the 5 minute model? I have aggregated the results from the 5 minute model to a daily timestep so results can be directly compared, i.e.
http://sudsolutions.co.uk/misc/model_results.PNG
Excel has CORRELATION and PEARSON statistical functions so was wondering if I need to use one of these. The results aren't in the form of y=mx+c so I don't think I want an r^2 "goodness of fit" test (or do I?).
Thanks in advance for any help.
Regards
Rob