Hybrid modeling in the predictive analytics of energy systems and prices

• Main Authors: Gulay, Emrah, Duru, Okan
• Other Authors: School of Civil and Environmental Engineering
• Format: Article
• Language: English
• Published: 2022
• Subjects: Engineering::Civil engineering; Price Discovery; Energy Markets
• Online Access: https://hdl.handle.net/10356/155500
• Institution: Nanyang Technological University

The aim of this paper is to illustrate the nature of the residuals of a forecasting process and to propose a hybrid approach with linear and nonlinear components predicted by corresponding methodologies. It is a common practice that residuals are assumed to be unpredictable or are reiterated into a...