Title :
Short-Term Electricity Price Forecast Based on Improved Fractal Theory
Author :
Herui Cui ; Li Yang
Author_Institution :
Dept. of Econ. & Manage., North China Electr. Power Universiy, Baoding
Abstract :
This paper discusses the basic principle of the fractal theory and the basic thinking of how to use it to forecast the electricity price, then builds electricity price forecasting model based on improved fractal model and solve the model on this basis. Finally, this fractal model is used to forecast the short term electricity price.
Keywords :
forecasting theory; fractals; power markets; power system economics; pricing; electricity price forecasting model; fractal theory; short term electricity price; Autoregressive processes; Econometrics; Economic forecasting; Electricity supply industry; Fractals; Mathematical model; Power generation economics; Power system modeling; Predictive models; Technology forecasting; Forecast; Improved Fractal Theory; Short-Term Electricity Price;
Conference_Titel :
Computer Engineering and Technology, 2009. ICCET '09. International Conference on
Conference_Location :
Singapore
Print_ISBN :
978-1-4244-3334-6
DOI :
10.1109/ICCET.2009.73
