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Analytics for Enegry and Electricy Price Forecasting

  • nikraveshucb
  • Feb 21, 2015
  • 1 min read

In free Market, what are the prices of the Electricity when prices are not fixed and are affected by demand and supply of the Market? They are set every five minutes and soon will be even every minute. In this study, we look at 10s of thousands of the records and we will find the changes of the price relative to a moving average of the last 24 hours. Out Artificial Intelligence technique has been able to predict the Up and Down of the price with 96-98 percent of the accuracy. In free Market, what are the prices of the Electricity when prices are not fixed and are affected by demand and supply of the Market? They are set every five minutes and soon will be even every minute. In this study, we look at 10s of thousands of the records and we will find the changes of the price relative to a moving average of the last 24 hours. Out Artificial Intelligence technique has been able to predict the Up and Down of the price with 96-98 percent of the accuracy.

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