If I am to process time series of energy data (point estimate every half-hour interval), and fit it into the following formula for dimension reduction:
I was advised to use power, not energy. Yet power is the rate at which the energy is formed. I still don't see how other than to use the values as it is. If I convert it into hourly value, it would remain the same. Must I divide by 2 to indicate that they are half-hour interval values? Then isnt it the same not applying? Since you would be normalizing with the entire year's data.
Aside from the energy/power concepts, (or maybe relevant) I actually was a bit confused how to process it to sample the time period from 6.30 am to 10.30 am for instance. If it is a point estimate, how can it be in unit of kWh?
Should perceive that the reading at 6.30 am is the electricity consumed from 6 - 6.30 am or now that I think if it is 5.30 - 6.30 am...
May I ask for clarification from anyone with solid experience in this matter? Thanks