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G P Girish and Aviral Kumar Tiwari
 
''A comparison of different univariate forecasting models forSpot Electricity Price in India''
( 2016, Vol. 36 No.2 )
 
 
In this study we compare the forecasting performance of ARFIMA model, Auto-ARIMA model, Taylor's double seasonal Holt-Winter's model, Exponential smoothing state space model and theta forecast for spot electricity price of Indian electricity market which has never been done before. The forecasting performance results of different univariate forecasting models provide crucial insights about Indian spot electricity price behaviour and help electricity producers and consumers of Indian electricity market to forecast prices more accurately.
 
 
Keywords: Spot Electricity Price; Forecasting; India; Exponential smoothing; Holt–Winters; Box–Jenkins.
JEL: Q4 - Energy: General
C2 - Single Equation Models; Single Variables: General
 
Manuscript Received : Sep 27 2015 Manuscript Accepted : Jun 11 2016

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