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I evaluate the out-of-sample forecasting performance of five models of Chinese and Indian energy consumption. The results are mixed, but in general the auto-regressive distributed lag and unobserved components models perform the best over multiple evaluation criteria. I then use these two models...
Persistent link: https://www.econbiz.de/10011114340
Persistent link: https://www.econbiz.de/10005013101
Energy storage is a potential alternative to conventional network reinforcement of the low voltage (LV) distribution network to ensure the grid’s infrastructure remains within its operating constraints. This paper presents a study on the control of such storage devices, owned by distribution...
Persistent link: https://www.econbiz.de/10010778846
This paper set out to identify the significant variables which affect residential low voltage (LV) network demand and develop next day total energy use (NDTEU) and next day peak demand (NDPD) forecast models for each phase. The models were developed using both autoregressive integrated moving...
Persistent link: https://www.econbiz.de/10011031054
In this paper we introduce HECTOR, a new and advanced long-term electricity market model that simulates market behavior bottom-up through opportunistic, variable cost-based bidding of individual power plants into auction-based national markets with international interconnection capacities....
Persistent link: https://www.econbiz.de/10008487662
We examine the relationship between probability of large fluctuations of inflation rate and monetary developments. With this purpose we identify the periods of high inflation regime for the cross-section of 15 transition economies. The obtained results are used to estimate the panel probit...
Persistent link: https://www.econbiz.de/10010860810
A hypothesis of uncertain future was created and first applied in the field of utility and prospect theories. An extension of application of the hypothesis to the field of forecasting is considered in the article. The concept of inevitability of unforeseen events is a part of the hypothesis of...
Persistent link: https://www.econbiz.de/10010903778
alternatives and more economically plausible. We discuss implications of our analysis for the estimation of economic models of …
Persistent link: https://www.econbiz.de/10010958503
This paper deals with an estimation of output gap and potential output for Russian’s economy. Three methods of … estimation have been used for estimating these two unobservable variables: Hodrick-Prescott filter, production function and SVAR … model. All methods of estimation showed very similar course, although obtained values were not identical. Then obtained …
Persistent link: https://www.econbiz.de/10011209928
This paper deals with an estimation of output gap and potential output for Russian´s economy. Three methods of … estimation have been used for estimating these two unobservable variables: Hodrick-Prescott filter, production function and SVAR … model. All methods of estimation showed very similar course, although an obtained values were not identical. Then obtained …
Persistent link: https://www.econbiz.de/10011210378