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forecasting US electricity prices

Forecasting electricity prices chart

Spotlight on the power-generation market: forecasting US electricity prices with an advanced ensemble model

The client, one of the world’s largest power generators, requested a forecasting model that could accurately predict electricity prices. Companies trading on electricity markets require accurate electricity price forecasts in order to bid on future prices or hedge against price volatility. The client required nearly real-time forecasting of normal and spike periods at least a day in advance in order to maximize profits and avoid losses. The client provided…

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Behance – Netticasino

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