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Probabilistic functional forecasting of Residual Demand Curves in electricity markets

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Author
Mestre Marcos, Guillermo
Portela González, José
Muñoz San Roque, Antonio
Alonso Pérez, Estrella
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info:eu-repo/semantics/draft
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Abstract
 
 
Residual Demand Curves (RDCs) in electricity markets represent the market-clearing price as a function of the energy traded. Being able to generate accurate scenarios of these curves is critical for market agents' strategic planning.For every hourly auction, one of these curves is observed, hence, forming a functional time series (FTS), i.e. a sequence of functions observed over time. Functional Data Analysis (FDA) has emerged as a methodology for exploring and modeling these kinds of data, known as functional data. [...]
 
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http://hdl.handle.net/11531/96415
Probabilistic functional forecasting of Residual Demand Curves in electricity markets
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electricity markets, forecasting, functional data analysis
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