Wind power has the most potential for clean and renewable energy development. Wind power not only effectively solves the problem of energy shortages, but also reduces air pollution. In recent years, wind speed time series analyses have increasingly become a concern of administrators and power grid dispatchers searching for a reasonable way to reduce the operating cost of wind farms. However, analyzing wind speed in detail has become a difficult task, because the traditional models sometimes fail to capture data features due to the randomness and intermittency of wind speed. In order to analyze wind speed series in detail, in this paper, an effective and practical analysis system is studied and developed, which includes a data analysis module, a data preprocessing module, a parameter optimization module, and a wind speed forecasting module. Numerical results show that the wind time series analysis system can not only assess wind energy resources of a wind farm, but also master future changes of wind speed, and can be an effective tool for wind farm management and decision-making. [ABSTRACT FROM AUTHOR]