Forecasting and Modelling of Electricity Prices by Radial Basis Functions: Turkish Electricity Market Experiment

Basit Öğe Kaydı
dc.WoS.categoriesBusiness, Finance; Economicsen_US
dc.contributor.authorÖzyıldırım, Cenktan
dc.contributor.authorBeyazıt, Mehmet Fuat
dc.date.accessioned2021-02-25T09:46:24Z
dc.date.available2021-02-25T09:46:24Z
dc.date.issued2014-11
dc.description.abstractIn the past three decades the electricity has ceased to be a public good and was deregulated in many countries including the developing ones. Therefore the short-term price forecasts have become very important for all the market players in a new competitive environment. In this paper the hourly data of the Turkish electricity market are examined, considering the market players are interested in the evolution of hourly electricity prices and the aim is to forecast the hourly prices as close as possible to the market price to produce proper cash flow estimations. It is shown that the hourly prices have a recurring structure in time and this effect forms a rational for Radial Basis Functions method besides the conventional linear regression method in researching the price structure. Radial Basis Functions method produces slightly better estimation errors in terms of out of sample performance for a specific estimation period.en_US
dc.fullTextLevelFull Texten_US
dc.identifier.doi10.3848/iif.2014.344.4256en_US
dc.identifier.issn1308-4658
dc.identifier.issn1300-610X
dc.identifier.urihttps://hdl.handle.net/11411/3302
dc.identifier.urihttps://doi.org/10.3848/iif.2014.344.4256
dc.identifier.wosWOS:000344558100003en_US
dc.identifier.wosqualityQ4en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.issue344en_US
dc.language.isoenen_US
dc.nationalInternationalen_US
dc.numberofauthors2en_US
dc.pages31-54en_US
dc.publisherBilgesel Yayincilik San & Tic Ltden_US
dc.relation.ispartofIktisat Isletme Ve Finansen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectRadial Basis Functionsen_US
dc.subjectElectricity Price Forecastingen_US
dc.subjectEnergy Marketsen_US
dc.titleForecasting and Modelling of Electricity Prices by Radial Basis Functions: Turkish Electricity Market Experimenten_US
dc.typeArticleen_US
dc.volume29en_US

Dosyalar

Orijinal paket
Listeleniyor 1 - 1 / 1
Küçük Resim
İsim:
Ozyildirim 2014.pdf
Boyut:
1.21 MB
Biçim:
Adobe Portable Document Format
Açıklama:
İndir
Lisans paketi
Listeleniyor 1 - 1 / 1
Küçük Resim Yok
İsim:
license.txt
Boyut:
1.71 KB
Biçim:
Item-specific license agreed upon to submission
Açıklama:
İndir

Koleksiyon

Faculty of Business
Web of Science Indexed Publications