I am currently working on PV potential estimations for various climatic zones.
I have developed the monthly solar radiation data for a particular location (12 values)
Similarly by using the Energy equation i.e. E=Area of PV panel*Efficiency of panel*Radiation*Performance Ratio.
i.e. E=Area of PV panel*Efficiency of panel*Radiation*Performance Ratio.
I have calculated the monthly energy estimations (These are also 12 values)
Now, I have to estimate the relationship between those two data sets in the form of a regression line by estimating the regression equation coefficients.
In this case can i apply least square estimates or not? Or any simple methods are possible for analyzing the relationship. Please do suggest me...
Thank you in advance!