3 papers
Post-Processing Posterior Predictive P-values
Nils Lid Hjort, Fredrik A. Dahl, Gunnhildur Högnadóttir Steinbakk
This article addresses issues of model criticism and model comparison in Bayesian contexts, and focusses on the use of the so-called posterior predictive p-values (ppp values). The…
Using published bid/ask curves to error dress spot electricity price forecasts
Gunnhildur H. Steinbakk, Alex Lenkoski, Ragnar Bang Huseby +2
Accurate forecasts of electricity spot prices are essential to the daily operational and planning decisions made by power producers and distributors. Typically, point forecasts of…
Bayesian regional flood frequency analysis for large catchments
Thordis L. Thorarinsdottir, Kristoffer H. Hellton, Gunnhildur H. Steinbakk +2
Regional flood frequency analysis is commonly applied in situations where there exists insufficient data at a location for a reliable estimation of flood quantiles. We develop a Ba…