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20122025
most citedProbabilistic Mid- and Long-Term Electricity Price Forecasting

165 citations

Showing stat.APShow all

8 papers · 1 filter

stat.AP2017★ 58 cited

A New High-Dimensional Time Series Approach for Wind Speed, Wind Direction and Air Pressure Forecasting

Daniel Ambach, Wolfgang Schmid

Many wind speed forecasting approaches have been proposed in literature. In this paper a new statistical approach for jointly predicting wind speed, wind direction and air pressure…

stat.AP2017★ 165 cited

Probabilistic Mid- and Long-Term Electricity Price Forecasting

Florian Ziel, Rick Steinert

The liberalization of electricity markets and the development of renewable energy sources has led to new challenges for decision makers. These challenges are accompanied by an incr…

stat.AP2016★ 77 cited

Forecasting wind power - Modeling periodic and non-linear effects under conditional heteroscedasticity

Florian Ziel, Carsten Croonenbroeck, Daniel Ambach

In this article we present an approach that enables joint wind speed and wind power forecasts for a wind park. We combine a multivariate seasonal time varying threshold autoregress…

stat.AP2016★ 88 cited

Lasso estimation for GEFCom2014 probabilistic electric load forecasting

Florian Ziel, Bidong Liu

We present a methodology for probabilistic load forecasting that is based on lasso (least absolute shrinkage and selection operator) estimation. The model considered can be regarde…

stat.AP2015★ 13 cited

Short-Term Wind Speed Forecasting in Germany

Daniel Ambach

The importance of renewable power production is a set goal in terms of the energy turnaround. Developing short-term wind speed forecasting improvements might increase the profitabi…

stat.AP2015★ 1 cited

Using the lasso method for space-time short-term wind speed predictions

Daniel Ambach, Carsten Croonenbroeck

Accurate wind power forecasts depend on reliable wind speed forecasts. Numerical Weather Predictions (NWPs) utilize huge amounts of computing time, but still have rather low spatia…