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• W3100552586 abstract "The main goal of the present paper is to improve the X-model used for day-ahead electricity price and volume forecasting. The key feature of the X-model is that it makes a day-ahead forecast for the entire wholesale supply and demand curves. The intersection of the predicted curves yields the forecast for equilibrium day-ahead prices and volumes. We take advantage of a technique for auction curves’ transformation to improve the original X-model. Instead of using actual wholesale supply and demand curves, we rely on transformed versions of these curves with perfectly inelastic demand. As a result, the computational requirements of our X-model are reduced and its forecasting power increases. Moreover, our X-model is more robust towards outliers present in the initial auction curves’ data." @default.
• W3100552586 created "2020-11-23" @default.
• W3100552586 creator A5066273761 @default.
• W3100552586 date "2020-02-03" @default.
• W3100552586 modified "2023-10-14" @default.
• W3100552586 title "X-Model: Further Development and Possible Modifications" @default.
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• W3100552586 doi "https://doi.org/10.3390/forecast2010002" @default.
• W3100552586 hasPublicationYear "2020" @default.
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