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the vector error-correction Models (VECM). The data are monthly for the prices of oil, coal, natural gas, electricity and … clear positive effect of the coal prices on the CO2 prices when the electricity prices are excluded from the VAR system; and … (v) a positive shock to the electricity prices reduces the price of the CO2 allowances. We also find that the energy …
Persistent link: https://www.econbiz.de/10010860501
The pro-competitive effects of forward contracts in electricity market cannot be regarded alone without examining the …, partially or fully integrated electricity generators and retailers have less incentives to be involved in trading electricity … that the retailers' ownership over generators' profits could give rise to generators exercising market power in electricity …
Persistent link: https://www.econbiz.de/10010754790
electricity consumption using data of UAE over the period of 1975- 2011.We have tested the unit properties of variables and the … between the series. We find that ICT adds in electricity demand but electricity prices lower it. Income growth increases … electricity consumption. The non-linear relationship between ICT and electricity consumption is an Inverted U-shaped. The …
Persistent link: https://www.econbiz.de/10011106613
trend breaks, and a long-term trend, respectively. Finally, some strategies are proposed for carbon price forecasting. …
Persistent link: https://www.econbiz.de/10010860471
This paper evaluates the predictability of WTI light sweet crude oil futures by us- ing the variance risk premium, i.e. the difference between model-free measures of implied and realized volatilities. Additional regressors known for their ability to ex- plain crude oil futures prices are also...
Persistent link: https://www.econbiz.de/10010860537
benchmarks (naive and autoregressive models) in forecasting real US house price over the annual out-of-sample period of 1859 …
Persistent link: https://www.econbiz.de/10010929406
this paper, we assess the forecasting ability of several classes of time series models for electricity wholesale spot … prices at a day-ahead horizon in France. Electricity spot prices display a strong seasonal pattern, particularly in France …
Persistent link: https://www.econbiz.de/10010929418
__Abstract__ The paper investigates the impact of jumps in forecasting co-volatility, accommodating leverage effects … for forecasting weekly and monthly horizons. …
Persistent link: https://www.econbiz.de/10011274348
installed based information and provide several ways in which installed base forecasting can be used. We discuss cases of … installed based forecasting at four companies and list the issues involved. Moreover, we provide some models to assess the value …
Persistent link: https://www.econbiz.de/10010837719
Forecasts of key macroeconomic variables may lead to policy changes of governments, central banks and other economic agents. Policy changes in turn lead to structural changes in macroeconomic time series models. To describe this phenomenon we introduce a logistic smooth transition autoregressive...
Persistent link: https://www.econbiz.de/10010837733