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Statistics · Studypool

Forecasting the price of electricity

Overview

based on the standard prices of the greek energy exchange from 1/11/2020 to 31/8/2023 of the Day-ahead market we will forecast the prices for 2 weeks with 3 different models: the ARIMA, SARIMA and ETS. we will compare which of the 3 works best and then we will choose one for the final forecasts. We will not deal with other factors but only with the analysis of the time series with these 3 models.

Ι have done the code and the program about the statistic models. I want you to write the analysis

I have uploaded the code. And the instructions inside the papers to see