Modeling and forecasting electricity loads and prices : a statistical approach / Rafal Weron
Material type:
- 333.793231 WER 22
Item type | Current library | Call number | Status | Date due | Barcode | Item holds | |
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Calcutta | 333.793231 WER (Browse shelf(Opens below)) | Available | IIMC-C122398 |
This book offers an in-depth and up-to-date review of different statistical tools that can be used to analyze and forecast the dynamics of two crucial for every energy company processes electricity prices and loads. It provides coverage of seasonal decomposition, mean reversion, heavy-tailed distributions, exponential smoothing, spike preprocessing, autoregressive time series including models with exogenous variables and heteroskedastic (GARCH) components, regime-switching models, interval forecasts, jump-diffusion models, derivatives pricing and the market price of risk. The book will be of particular interest to the quant employed by the utilities, independent power generators and marketers, energy trading desks of the hedge funds and financial institutions, and the executives attending courses designed to help them to brush up on their technical skills.
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