{"title":"Forecasting next-day electricity prices with Hidden Markov Models","authors":"Jian-hang Zhang, Jingyue Wang, Rui Wang, G. Hou","doi":"10.1109/ICIEA.2010.5515281","DOIUrl":null,"url":null,"abstract":"Next-day electricity prices forecasting is essential to consumers and producers. Due to the stochastic characteristics of the electricity price time series, a novel model of electricity price forecasting is presented based on the Hidden Markov Model (HMM). The factors impacting the electricity price forecasting are discussed. The proposed approach is utilized in an electricity market, the results show the effectiveness.","PeriodicalId":234296,"journal":{"name":"2010 5th IEEE Conference on Industrial Electronics and Applications","volume":"17 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2010-07-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"7","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"2010 5th IEEE Conference on Industrial Electronics and Applications","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/ICIEA.2010.5515281","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 7
Abstract
Next-day electricity prices forecasting is essential to consumers and producers. Due to the stochastic characteristics of the electricity price time series, a novel model of electricity price forecasting is presented based on the Hidden Markov Model (HMM). The factors impacting the electricity price forecasting are discussed. The proposed approach is utilized in an electricity market, the results show the effectiveness.
京公网安备 11010802042870号
京ICP备2023020795号-1
分享
求助内容：
应助结果提醒方式：
扫码关注我们
