Value at risk (VaR) and expected shortfall (ES) have emerged as standard measures for detecting the market risk of financial assets and play essential roles in investment decisions, external regulations, and risk capital allocation. However, existing VaR estimation approaches fail to accurately...

Short-term electricity demand forecasting has always been an essential instrument in power system planning and operation by which an electric utility plans and dispatches loading so as to meet system demand. The accuracy of the dispatching system, derived from the accuracy of demand forecasting...

Electricity consumption forecasting has been always playing a vital role in power system management and planning. Inaccurate prediction may cause wastes of scarce energy resource or electricity shortages. However, forecasting electricity consumption has proven to be a challenging task due to...

This paper answers the question of whether China can realize its target to reduce the intensity of carbon dioxide (CO2) emissions per unit of GDP that was announced at the Copenhagen Conference by forecasting CO2 emission intensity in 2020 from the perspective of China’s coal-fired thermal...

In this paper, a modified EMD-FNN model (empirical mode decomposition (EMD) based feed-forward neural network (FNN) ensemble learning paradigm) is proposed for wind speed forecasting. The nonlinear and non-stationary original wind speed series is first decomposed into a finite and often small...

The exploration of wind energy has become one of the most significant aims for countries all around the world. This is due to its low impact on the environment and its sustainable development. Therefore, it is very important to develop an effective and scientific way to evaluate wind resource...