shrinkage towards zero to address overfitting concerns. The prior is flexible as it detects shared dynamics of individual … pooling with zero shrinkage delivers sharper parameter inference that improves point and density forecasts over only zero … shrinkage or only pooling specifications, and helps with structural analysis by lowering the estimation uncertainty. …

New models to forecast the real price of oil on the basis of macroeconomic indicators and Google search data are … proposed. A large-scale out-of-sample forecasting analysis comparing the different models is performed. It is found that models …

. In this paper we focus on forecasting tail risks in the oil market by setting up a general empirical framework that …

Short-term electricity price forecasting has received considerable attention in recent years. Despite this increased … empirical analysis to evaluate the short-term price forecasting dynamics of different regions in the Swedish electricity market … interest, the literature lacks a concrete consensus on the most suitable forecasting approach. We conduct an extensive …

Forecasting hourly electricity prices and their characteristic properties is a core challenge for energy generation … companies and trading houses. The short-term marketing and purchase of electricity is usually managed with standardized products … traded on different markets and with specific temporal resolution and maturity. The size and scope of the electricity price …

This paper outlines a method to forecast electricity generation (Gigawatt hours, GWh). The in-sample data set consists … measures as accurate predictors of forecast accuracy for an AR(1) model when applied to electricity generation data for OECD … of yearly electricity generation (GWh) by OECD countries for the period 1999 to 2017. The out-sample period consists of …

This paper analyzes the dynamic behavior of day-ahead spot prices in the German electricity spot market due to positive …

commercializing stage to accurately model and forecast its production to ensure efficient trading in the daily wholesale electricity … estimate and forecast the electricity production of two oscillating wave converters from the Mutriku Wave Power Plant dur- ing … market. Altogether, a reliable forecast is a required step for the establishment of wave energy as a sustainable and viable …