A Hybrid Regression Model for Day-Ahead Energy Price Forecasting

A Hybrid Regression Model for Day-Ahead Energy Price Forecasting

Accurate forecast of the hourly spot price of electricity plays a vital role in energy trading decisions. However, due to the complex nature of the power system, coupled with the involvement of multi-variable, the spot prices are volatile and often difficult to forecast. Traditional statistical mode...

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Bibliographic Details
Main Authors: Daniel Bissing, Michael T. Klein, Radhakrishnan Angamuthu Chinnathambi, Daisy Flora Selvaraj, Prakash Ranganathan
Format: Article
Language:English
Published: IEEE 2019-01-01
Series:IEEE Access
Subjects:
ARIMA
energy price
forecasting
Holt-Winters
hybrid model and regression
Online Access:https://ieeexplore.ieee.org/document/8665889/

Internet

https://ieeexplore.ieee.org/document/8665889/

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